Tuesday, July 28, 2009

Treasury Tuesdays

Click for a larger image

Prices are below the 200 day EMA, indicating we're in a bear market. Also note that prices have broken the upward sloping trending. In addition, prices are now in a downward sloping channel. All of the shorter EMAs are moving lower, the 10 day EMA has moved through the 50 day EMA and prices are below all the EMAs. However, the EMAs are bunched together indicating there's still some confusion about where traders want to send prices.