bullish triangle, page-38

re: xjo on one leg maybe nl, but banks sliding and bonds firming only adds to the notion that the bond action is flight to quality. These are often reversed a little bit later. Banks used to be 'quality'. As usual, we'll see in time.

temp, I have xjo crossing the downtrend line on the open this morning then using it as support throughout the rest of the day until the bullish burst a few minutes ago. Is that what you have? This use of downtrend lines intraday as bullish support is something fairly unusual in xjo, but we have seen it quite a few times lately. Its a variation on channel busting I guess.