Bond rally nearing an end?

steveosborne · May 3, 2006

Looks like oil might be completing a double-top too.

landboy · May 3, 2006

Quote from steveosborne:

Looks like oil might be completing a double-top too.

ya, that chart looks scarily bearish... let's see if there's some follow through

steveosborne · May 4, 2006

$680 looks like a top for gold.

gharghur2 · May 4, 2006

Do I hear $700, going once, once twice .......

steveosborne · May 4, 2006

I'm looking at the COMEX June contract.

If the dollar is not able to recover from the G7 jitters then I agree, the next stop will be $700.

Buy1Sell2 · May 4, 2006

The hourly TYM6 chart is doing everything necessary to suggest upside reversal--everything that is except actually reversing.

gharghur2 · May 4, 2006

Quote from steveosborne:

I'm looking at the COMEX June contract.

If the dollar is not able to recover from the G7 jitters then I agree, the next stop will be $700.

I'd like to see a lower low in the Dollar with positive divergences in the RSI/MACD. But we'll see.

I don't have a 5 wave count in gold yet from the recent lows. But looking for an int. term top here too, like you.

gharghur2 · May 4, 2006

Quote from Buy1Sell2:

The hourly TYM6 chart is doing everything necessary to suggest upside reversal--everything that is except actually reversing.

Sorry I've seen you post from time to time about TYM6.
What is TYM6, the 10yr ..... ?

Buy1Sell2 · May 4, 2006

Quote from gharghur2:

Sorry I've seen you post from time to time about TYM6.
What is TYM6, the 10yr ..... ?

yes sorry--10 yr June 06 futures

landboy · May 4, 2006

Quote from Buy1Sell2:

yes sorry--10 yr June 06 futures

Got outta my shorts, too much anticipation for tomorrow's payroll num... If i miss a move, don't really care, options action has clearly been bottom picking so wouldn't be suprised if we get a bounce...