Friday, August 22, 2008

Alert to LOCK! 8:43 a.m. 8/22/08

As happened yesterday, we have a stochastic crossover in the Bond Charts created by the oversold status of Bonds this morning and this coupled with Ben Bernanke's speech (which is happening right now) where his is talking about inflation (bonds hate inflation) and the stock market is on a rally (up 180 points this morning, which is taking money out of the bond market), I am recommending locking before lenders come out with a re-price for the worse this morning.

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