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Old July 16, 2003, 10:16 AM
Robert Campbell
 
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Default Chart pattern for 10-Year Notes

Because most people relate more closely to interest rates than gold, here is the link that shows how the 1-2-3 trend reversal for the 10-year notes.

http://charts3.barchart.com/chart.asp?sym=TYU3&data=A&jav=adv&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=

For those of you who are not familiar with this trend reversal pattern, here is a brief explanation.

Market uptrends are usually characterized by higher highs and higher lows. Notice at the peak of the market, the chart made a lower high and then a lower low when prices started to fall again.

This shows that market psychology has now changed.

Robert Campbell


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