ricketyshaw - goes short with as much gusto as long. Just doesn't have the time to post 'cept when it goes up up up ........ after the fact.
Its March end of quarter month. Expect a return to all time highs. Seen this 100s of time folks. Go long and sit tight, so easy.
Do you really think the FOMC with its endless supply of money will lets yields get out of hand. Ain't gonna happen. Sure they try and make things look like the free markets is in charge, but anyone who follows the Central Banks knows they are in charge of the markets...end of story.
There is still some time left before it drops, right now it's getting ripe on the tree. Once it does fall, it's gonna leave the suckers gasping.
Its more productive to look for bearish patterns in a falling market. The last 10 years are littered with failed bearish patterns. One day a bearish pattern may work. That's basically top calling which i find very frustrating. If you find it irresistible to act on bearish patterns, best to wait for conformation.
THere are no patterns, only buy. Honestly, just watch the all mighty government, whether it is monetary or fiscal. Do what they do. Buy as they buy. That is all. Patterns don't matter because the gods of money don't look at patterns.