These two important government bond benchmarks both made bottom extensions yesterday. If you are short of any government bonds, as we have been advising since the August 21st and September 10th editions, cover now. You may wish to start buying a long position too, but these signals are likely to result in only a bounce as the overall direction of travel of these markets is now downward.
We will consider the implications of these signals on other markets and report soon.
All signals courtesy of software supplied by our friends at Parallax Financial Research www.pfr.com
