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Tuesday, October 26, 2010

Market Thought... round bottom

girls, you make the rocking world go round :)

The 1o year yield is acting interesting. IMO, it is developing a bottom, and looks to want to break its down trend.

In a previous Market Thought post 'always thinking', I suggested this development was needed to facilitate an upward push for the market into year end.

At this time, I am not as giddy as I was when I indicated the continuous market push upward due to entering the initial area of weekly resistance, but I am looking to purchase on a pullback.

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