Well here is a Daily chart of TBT. There is a series of higher lows from July/Nov/Dec. And the Dec 2011 low of 70 that price broke down below in May 2012 has proven to be resistance with the test of that breakdown area last Sept/12. So the pattern is an Ascending Triangle fwiw. That is a bullish pattern. And we are heading to the strongest seasonal rate trend for 10 year rates from mid Feb to early May. I wouldn't chase it hear as you can see the CCI 50 is well over +200 which is the very overbought zone. See previous times this indicator was above +200 and note they were all top areas in price. (I have been using CCI 50 more often than CCI 20 due to less false whipsaw signals.) The beta and volatility of each market affects all indicators so one does have to recognize indicators are always 'relative' and not absolute. Not trying to lecture anyone but just explain my own mindset when analysing a chart. Longer term James Grant of the Interest Rate Observer has always stated that going back to the 1800's interest rates move in a 25 to 35 year trend and then reverse again. Since the 1980 interest rate top it has been 32 years of falling rates which is typical. A trend change back to "UP" is due. That won't help a short term trade but something to keep in mind for those in debt as debt that can see low interest rates change sharply higher can destroy most people's finances. With today's debt load world wide that change will cause extreme chaos. I have been watching TBT and TBF as well but will be more interested when the CCI or other momentum indicators become oversold rather than overbought. A test of that uptrendline 'area' would be a buy over the next several weeks in my opinion with matching oscillators.