Monthly chart shows that interest rates are stuck in a consolidation/congestive range. We had 3 waves up, indicating a corrective wave -- it is shaping up to be a complex flat. This tells me that interested aren't going much higher for now.
The weekly chart shows the moving averages flattening out, further support that interest rates are stuck in a trading range.
The daily chart shows that interest rates have found some short term support for now.
Saturday, September 30, 2006
$TYX Analysis 09.30.2006
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