44 on TNX is a realistic target

All charts courtesy of either:

Stockcharts.com

thinkorswim

Prophet Financial Systems, Inc.

---------------------------------------

By: Stubborn Bear

Jun 12 2008

7:07 pm

Tags:

Category: Setups

1 Comment »

---------------------------------------

Tag cloud: INDU IWM IYR IYT NVDA QQQQ SPX TNX UPS USD VIPSX XLF

Expect resistance at 44.  I think what we’re seeing here is a race between two things:

1.  Global inflationary pressures / US gov’t taking on to much debt / reluctance by foreigners to buy more US debt.

2.  A deflationary credit collapse.

Tags:

One Response to “44 on TNX is a realistic target”

  1. 12 Jun 2008 at 7:56 pm Tim Ramsey

    I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

    Tim Ramsey

Leave a Reply