aj Shouldn't the TNX take rate cuts ending as a signal to go higher and pull the market along with it. From a wave point of view you could argue we are completing an ABC up off of the Jan low and the C may be complete already or near complete. <img src=http://stockcharts.com/c-sc/sc?s=$TNX&p=D&b=5&g=0&i=p95588488518&a=111028791&r=1175>