Market Curiosity: Exploring Markets And Systems

December 12, 2010

Bonds: The Death Of The Dollar (2): Sell When Price Undercuts

Filed under: Just Watching — Tags: , , — Jeff Fitzmyers @ 6:03 am

Price is weak if it rises with good volume but then undercuts the origin of the base rapidly. This just happened in bonds.
– Price undercut a decent rally with good volume within a few hours.
– Price retraced over half the rally in just 3 bars.

The daily view is looking lower too:
– Price was not able to rise over the prior day’s high.
– Price closed lower than prior day’s low.
– seems like price is starting to follow the expanding lower Bollinger Band.

Referencing: Bonds: The Death Of The Dollar (1)

Leave a Comment »

No comments yet.

RSS feed for comments on this post.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: