The relationship between the DOW and the Ten year note since July 21st has been quite obvious and one of the reasons to stay short YM (DOW futures). That trade is now +141. Support was found at 50 day moving average. Note also that the 10 day ema is about to do a bearish cross of the 20 day sma. Bulls need to avoid that scenario. Feds on tap next week.
This entry was posted
on Saturday, August 06, 2005 at 7:54 AM.
