Bond rally nearing an end?

[gharghur2]

Don't feel bad.
Wall Street has conflicting signals too.
The cyclicals are rising and the growth sector is not.

 

[steveosborne]

For bonds, price action was bullish all week last week and was still bullish today.

Very, very hard not to jump in. That darn dollar...

 

[steveosborne]

Quote from gharghur2:

Don't feel bad.
Wall Street has conflicting signals too.
The cyclicals are rising and the growth sector is not.

In two or three days it's all going to be sorted out.

 

[gharghur2]

Agree!
That's why I went long today.

 

[steveosborne]

You probably did the right thing. I haven't because of my strick adherance to the rules and criteria constituting my method.

 

[gharghur2]

That's exactly why I went ahead.

Positive RSI/MACD divergences on daily charts are a good signal after a long decline. And, an apparent five wave count into the lows doesn't hurt much either.

Stick with what works for you Steve.

 

[steveosborne]

We're probably just two or three days apart to start riding a wave that will probably last, oh, between 4 and 6 weeks.

 

[gharghur2]

Agree on the timeframe too

 

[landboy]

Quote from steveosborne:

For the first time since late January, I'm getting conflicting signals from my price models. I have data indicating that Friday's employment report triggered a move away from 1310 toward a new equilibrium somewhere higher than where prices are right now; while another program is telling me that the stock market has topped.

Are these the sentiment indicators that you were mentioning earlier?

 

[gharghur2]

Mcurto!

Any action in the pits today?