16 MAY 2012, Wednesday

• This has gotta be a warning to getting too bearish here.  Just at a quick glance, you were with in 1 to 3 days of a >100 pt ES rally in the next 3-4 weeks....http://tinyurl.com/82nlt3x
• Now, there are only 4 examples but each one played out as stated above.
• Time for bears to be careful...but they only happened after really heavy downside of >200 points and we haven't seen that yet.
• Below, recent US Treasury Bond chart.  Psst...rates aren't going to 0.  Although, the chart seems to indicate that.  Point is that at some point the trend will change and rates will go up.