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Cup and Handle formation in long term 30 Yr Bond

A Cup and Handle formation in long term 30 yr Bond. Bond re tested and confirmed that break out is solid and ready to go up. Bond market confirmed today with new high.

What that means to equity market.. Equity market is inversely  proportional  to the bond market. If bond market is going up, then equity market will go down and Dollar will go up.

The other interesting incident is bond market is higher than 2009 March high. !! That means right now, investor confidence is lower than  March 2009. Most of the  money flows towards bond market.

My expectation is market will go down until October 2012 with slight UP movement in mid of  June to July.





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