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Christopher Carolan on Financial Markets & Lunar Cycles

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Bonds Basing

July 28th, 2008 at 4:52pm · No Comments

The cycle-trap on the weekly bond chart turned up three weeks ago. After some weakness, the daily chart has no recovered the net-line buy signal first penetrated on Thursday. Bonds look like they’re basing and will work their way higher over coming weeks.

click chart to enlarge

click chart to enlarge

Tags: Bonds

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