When I pointed out the trend-line break that interest rates made last week, there was a hail of chortles and catcalls about how useless it was since it was so “obvious”. There's nothing wrong with an obvious trend-line break. Just because you know that more than one person is watching a given technical breakout doesn’t invalidate it.
The naysayers got one day of glory as interest rates did dip then simply tested the breakout the next day. But since then, it’s been up, up and away. I’d say that the nations of the world, which are countless trillions of dollars in debt, are pretty much screwed and tattooed.
