Wednesday, November 4, 2009

30 Year Yields - Here we go!

Want to see a bullish inverted head & shoulders? Take a look at the 30 year yield. It appears that if officials can't take the ball, the global US treasury market might do it for them.

That inverted H&S targets right up to a zone that denotes NFTRH's most vital and big picture pivot point. Let's hope the target holds as resistance, because much higher than that and the whole game changes. Yes it does kids.

It will be at that point where the dangers to adherents of both deflation and hyperinflation will have the most dramatic risks and potential rewards, depending on the outcome.