Thursday, March 3, 2011

My name is Bond, US Bond.

See last US Bonds (/ZB) update here.

So far the rally from 116 has been very short, it's very common for a corrective wave to retrace into the territory of the previous fourth wave (which we did) though so the bounce from 116 to 120 may have topped already.

Thus a decline to the support line around 114 looks very likely now (stop above 120):