Wednesday, June 13, 2007

10 Year Note Looks to Have Bottomed

There is no doubt that the 10 year note broke in the opposite direction of which I had expected, but now there are clear strong indications that this market should have a healthy rally.

Take notice once more in the Blue Line at the bottom, which as we know represents the smart money. This Blue Line at the high for its range shows that the smart money is snapping up the 10 year note as fast as they are offered.

Look to go long!


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