One reason that charts are important is that they facilitate a view of the financial world that enables one to cut through all the background waffle. Fundamental analysis anticipates what “should be”. Technical analysis reflects what “is” – whether it should be or not.
Below are a few charts which reflect that what “is” is not reflecting what “should be”. We can shout as loudly as we like but facts are facts.
Chart 1(courtesy stockcharts.com) is a 3% X 3 box reversal of the 30 year yield. The blue line shows that the long dated yield is in a rising trend. (Ignoring day-to-day trading static).
