Wednesday, February 11, 2009

Crude monthly


Long term look at Crude...


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$TNX


A possible target can be found by throwing up some Fibonacci lines.....16.27 anyone?


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$TNX


Now let's take a look at the 10 year note on a monthly scale....
Bottom line is money is cheap, but it may get cheaper.......


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$TNX


10 year treasury note bounced off of resistance....This 1 year daily shows the failure to pierce the 30.74 mark.


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ProphetCharts: $SPX


Will the triangle be broken or will the release of the "Stimulus" push the market back to the topside of the traingle?


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