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Market Direction – 10Y US Note, STI, S&P 500
By Stock Market  •  September 9, 2012
 Are you mentally prepared for this coming 1 - 2 weeks?  While it does seem to continue its uptrend, a move below the Median Line or the Lower Bound will signal the possibility of further downside.
 
10-Years US Treasury Note
As shown on the chart, the 10Y US Treasury Note brieftly entered the reversal zone and bound off from there (price and yield has an inverse relationship).   Perhaps those who bought the yield when it was trading above 1.800%, decided to cash it out with a decent profit?
But on 7 Sep 2012, there seem to some activity on going.  The yield opened high (price opened low) and closed low (price closed high), forming an outside day bar.  At this moment, the yield may be bounded between 1.570% -1.800%, til further confirmation.
 
 
FSSTI
As mentioned in 10 August 2012, a move below 3040, ...
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