Posted 27 August 2010 - 01:46 PM
There is a good chance that bonds are topping here. Weekly candle looks bearish. I’ve started hedging fixed income positions the last couple of days with an inverse bond ETF.
There is also the possibility that bonds may be topping out here in the coming weeks and won’t bottom until important lows arrive next year. But there is no indication of this just yet.
cheers,
john
Edited by SilentOne, 27 August 2010 - 01:48 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
