USZ12 – December T-Bond (Last:147^31)

A series of lower highs and lows since July lends weight to the possibiity that a major top is in.  Although we can look for further corroboration in the lesser charts, or alternatively for signs of a bullish turn, the daily chart (see inset) should be our standard.  In that regard, only an unpaused upthrust exceeding at least two of the three prior peaks ahown would qualify as a game-changer. Accordingly, we can set a screen alert at 151^30, just above peak #2, to tell us if bulls have sprung back to life. Click here for a free trial subscription that will allow you to follow Rick’s Picks’ trading recommendations in real time.