Wednesday, January 6, 2010

Bond Charts LQD Bearish Engulfing

I am not entirely sure what to make of this, LQD the Investment quality bonds looks poised for a beating, and JNK junk bonds look parabolic up.

Could the high quality bonds tank before the junk bonds?  Marketsniper says dig the french curve out of your old drafting kit, and put that on the parabolic prices....will guide you to the top.

Parabolic never ends well, but putting yourself short in front of it can be hazardous if you can't take the short term pain.  Margin clerks do their job like robots.  Or that email "you are in a Fed Call", stinks.

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Insightful and Useful Comment!