Thursday, August 16, 2012

Validation of trend termination

Recent strength in stocks occurring amid an absence of weakness in treasuries just validates our theory that the oversupply condition that created the past 2 days downtrend has been alleviated. 

While it is still too early to call, the 132-16+/17 area in ZN is in the lead for center of value thus far.  Not trading yet...just observing.

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