Friday, September 14, 2012

High Pole Warning for Long Bonds as Fed Walks QE Tightrope

The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warningthat lower prices could be seen in the future.




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