Tuesday, January 27, 2009

Treasury Tuesdays

Click on all images for a larger images

Notice the following on the IEF chart:

-- Prices are moving lower, albeit at a slow pace. Prices have moved into a lower low and lower high pattern

-- Prices are below the 10, 20 and 50 day SMA

-- The 10 day SMA has moved below the 20 day SMA

-- The 10 and 20 day SMA are both moving lower