When I pointed out the trendline break interest rates made last week, there was a hail of chortles and catcalls about how useless it was, since it was so “obvious”. There is nothing wrong with an obvious trendline break. Just because you know that more than one person is watching a given technical breakout doesn’t invalidate it.
The naysayers got one day of glory, as interest rates did dip and simply test the breakout the next day, but since then, it’s been up, up, and away. I’d say that the nations of the world, which are countless trillions of dollars in debt, are pretty much screwed and tattooed.
