30 Year Review Ahead Of Short Term Auctions

A brief review is in order of the long term chart before heading to the short term daily charts. Since 1984, the 30 year has been hammering out intermediate term bottoms at key 50% retracements. See the examples from the Oct 1987 low, the Sept 1990 low, the Nov 1994 low, and the May 2004 to June 2007 lows...

Zero Hedge: 30 Year Review Ahead Of Short Term Auctions