Market Update 25th March 2010 The Technical Trader’s view: DAILY CHART The TNote has had a torrid time this week. The triple failure at the 117-16 level is clear, so too is the failure of the rising diagonal from the beginning of 2010. Add to that the breakdown through the Prior Low at 116-8.5 completing a small Double Top and the bears look to have the bit between their teeth. A push beneath 115-14.5 would add to the bear impetus of course. WEEKLY CONTINUATION CHART There is no completed pattern here (except, maybe, the bear rising wedge in November 2009) But there is a clear possibility of a Head and Shoulders Top should the market break down through the diagonal at 114-23 and rising. There is an intermediate point of reference (that is being tested right now) at the diagonal (115-24) drawn through the two lows from the low…

March 29th, 2010
Money maker
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