I have noticed during my stock chart analysis that 10Y T-Note interest rate is moving in downtrend channel in last 10 years.

Based on simple principles of support and resistance I think that we can expect that this interest rate will drop near 2%. Support level could be between 2.0 to 2.25%.

This entry was posted on Thursday, December 4th, 2008 at 10:50 pm and is filed under Stock market chart analysis, Stock market comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.