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30 Year Bond Doing A 180 to 360

Posted on March 18th, 2008 at 10:32 AM

I've been looking at the 30 Year Bond June 2008 contract and on the 360 minute chart there is a counter trend trade shaping up. If the contract cannot get to 121 soon and then breaks and holds below 119 it could very well go to 116 or lower.

No matter what the Fed announcement ends up being today, the big players have already decided what they are going to do. They will simply put spin on the announcement to fit their agenda.

$SPX countertrend

Posted on March 18th, 2008 at 1:44 PM

The S&P 500 has set up a classic countertrend trade on the daily timeframe.

There is a lower low in price with oscillator divergence. Todays bar triggered us in above the 6/4 displaced moving average.

$SPX countertrend Image

Jim Rogers on the Bear Stearns Bailout

Posted on March 19th, 2008 at 9:20 AM

Jim Rogers on the Bear Stearns Bailout Image

This interview is worth listening to...

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