Chart courtesy of our friend Jim Kane at www.kanetrading.com.

TNX is his Chart of the Month. He also just posted his monthly commentary.

For those of you who are not aware of Jim and the important work he has done, I highly encourage you to check out his website. I use the all important 88.6% ratio because Jim derived and quantified it.

While your over there, check out his article titled "The Critical Elements of a Trade".