TA: Long Bonds

TLT price and volume continues to confirm a breakdown of the small head and shoulders formation. The neckline of the large head and shoulders formation and the 1982 trendline as illustrated by the Shearson Bond Index (SLBI) are now pulling hard. This implies upward pressure on yields into 2010. IMO, the bond market remains the canary in the coal mine for the U.S. dollar and other key markets.

TLT:

SLBI: