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The Range in Bonds
March 18th, 2008 at 10:24am · No Comments
Bonds have been range bound, reacting every time they reach Keltner channel boundarys (royal blue on the chart.) Bonds are at the top of that range now and down on the day. With an expected rate cut within the hour, it will be interesting to see how bonds react given the apparant boundary of the channel. I suspect that any rally attempt to break out of the channel will fail.
Tags: Bonds
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