Medium term (March 2012 contract): bearish

On a weekly basis, UW / LW spread is expending. A PEI is in progress for
our moving averages and our MACD. A NEI is in progress with our 23 months moving average.

Idea: lower as long as our MACD is not oversold

Bet: towards MM.

R = MW (99.44);         S = MM
(99.029), LM (97.987)

Short term: a bearish PEI type 2 is expected

On a daily basis, a parallel is in progress. A PEI type 2 will develop
early next week.

Idea: use bearish parallel rules.

Bet: powerful bear trend.

R = MD (99.376);         S = MM
(99.029)

Conclusion: bear trend for this contract (yield up) + rise for 10
Y contract (yield down) => special warning for stocks markets.

Position:  Previous: short; in progress: hold on; next: add short
position with a daily PEI type 2.