Ten Year Notes 12/04/07
Ten Year Note TYZ07 12-04-07 (Tuesday): A Daily Technical Analytical View of Stocks, Furtures, Eminis and Forex for online and day traders.
On Friday there was a long entry trigger signal for the Ten Year Note at 10:20 at 113 26 which was a close below the lower SEB. The price of the Ten Year Note climbed higher for the rest of the day. The 34 ema is flattening and may turn negative if the price drifts lower. The StoRSI was an oversold level at our trigger level. On Monday, the price immediately went higher as the StoRSI breached the upper level of 80 and then closed above the inner SEB which is the exit signal. I am hoping for a quick down trend in prices in order to get another long trigger since the FED will be possibly cutting interest rates on the 11th. Watch for the next entry below the lower SEB band around 113 20.
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December 4th, 2007 at 8:35 am
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