Ten Year Note Futures (Daily)

The 10 year is looking a little wobbly here in front of key resistance. It has not yet broken down out of
the trend channel, so it must still be given the ‘benefit of the doubt.’ I still see 118’05 to 118’11 as big
resistance that should be sold. Bulls should consider 117’12 as key support, a break of which will
send the Notes lower.

118’05

117’12

This extremely ‘tight’ and well formed

channel is a strong indication of a
“corrective” move and not some sort of
impulsion higher.

Andy’s Technical Commentary__________________________________________________________________________________________________

 Ten Year Note Futures (Daily)

The previously cited 118’05 resistance and the 61.8% at 118’11 are pretty close together. It seems a
foregone conclusion that we’ll test those levels very soon. I would be a seller right in front of that
area as it should be resistance, at least on the ‘first go.’

118’05

Reprinted from 1/22/2010

Andy’s Technical Commentary__________________________________________________________________________________________________

 Dollar Index (120 minute)
From where the correction ended in the 76’s, we can only -a-
see a three wave move higher, which makes some sense (c)
if the move down to the 76.67 was an x-wave. The action
w off the 78.81 high looks ‘corrective,’ meaning the shorter
-c- term trend is still higher; however, bulls may need to
(5)
78.45
endure a retracement back to 77.65 or even 76.93.

(a)

(b)

76.67

Andy’s Technical Commentary__________________________________________________________________________________________________

 (5)?

Dollar Index (120 minute) (3)

[5]?
a or w
-c-
(5)
78.45 [3]
Reprinted from 1/22/2010

78.19
[1] [4]
(4)

(1) [2]

-a-
(2)

We’re finally getting a little “breather” in the DXY. It still -b-

looks like we get one more new high before a more
prolonged correction. However, bulls should be prepared for
a move back to 7777.50. That’s possible! However, the
medium term trend is higher--a move back to 7777.50
would be a great buying opportunity. x or b

Andy’s Technical Commentary__________________________________________________________________________________________________

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