Phantom of the Opera...

[#1]

One can really see it in the US Bonds now...### whilst the Stock markets complete their blow-off phase and the old Smoke and Mirrors does its work at the Top of Weekly UpChannels ...we note,the Bonds are extremely compelling.For the first time in more than 3 years,the 10-yr Yield vs the 3-mth Yield sees the following :(1) Breakout above the 200day MA...92)on the Weekly we see the 10-20-30wk MA signalling Support...???meaning...Since Oct2006, we see a Double Bottom of the Ratio and breakout from Operating DownChannel,re-test of the DownLine and now getting ready to do what all Bullish Falling Wedges like to do....= release energy UP = sell-off in Long Bonds = higher rates = Recession Now Official as at....go and look for yourself on stockcharts.com.... Codes (1) $TNX:$UST3M and (2)$UST ....The C-Wave down for Stocks is going to be savage.Be prepared...Bond-Ratio has warned.Housing Dilemma USA enters new phase...more pressure for beleagured Consumer USA and his "Leaks Capital from all Walls" Property port.

[#2]

An interesting confluence is that CHINA MOBILE Ltd sees its Price action now at Resistance on the Monthly.It closed at/near the same price as its previous High in good old 2000.....Impressive to see on the 1998 to 2007 Chart.

[#3]

That TOPI....it's picture-perfect on a Saturday afternoon.The weekly Upchannel since May2005,the top of 12May2006 linking with the top of this week's completed Candle.###.it took 4 weeks to Sell and reach Channel bottom,last time.Maybe,a new record...3 ?..heh.It's the same SnapShot for the Album on the BANK Index Monthly.The Channel since 31Aug2004....back,on 28Apr2006,the Pic changed to a FATTY for the Shorts....as the price retraced back to July2005 High levels.On that basis,and just using the Channel presented, we can see 31500 on the Banks Index as a rapido low, from its 43000 high...O how Yum( if rapidly occurring)...IF....."And I don't believe in IF any..more..IF is for Children, blah....(so sang Roger Bannister,just before I met Judas Priest and AC/DC.It didn't work out.It was the 70s.Stagflation was everywhere.)

[#4]

latest update....62 Mortgage Lenders USA have gone Kaput ! since Dec2006.We we were at 30-something, in March...Eish !...lenderimplode.com confirms.

[#5]

Excellent Chart at:Website- theroxylandr.wordpress.com...there is massive pressure developing in the Credit markets, as at.##...just an observation.Use it,don't use it.

[#6]

More or less a time frame Zarp? Any guesses?

[#7]

Also check out Kitco.com under Contributed commentaries - "Are we ready for another Yen carry stock flu?"

[#8]

Georgem:...time-frame ? Always difficult, as the Trend-change suffers Pulls and Tugs at the Top....Look back at May2006 and 27 Feb2007...it happens quickly,these days. ### worsening Credit spreads(RED flag) and Dollar Index( almost due for a sweet little bounce), but can still go lower,are the Keys......in the meantine,"Earnings Season Follies" will pull Rabbits out of Hats,distracting the Herd from what's important....imminent change.

[#9]

typo:Roger Whittaker,NOT Roger Bannister ....apologies to both Rogers.

[#10]

Yes - I think "timeframe always difficult" seems to just say it all....