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techcharter

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techcharter

Re: None

Saturday, 09/13/2008 1:19:45 PM

Saturday, September 13, 2008 1:19:45 PM

Post# of 51804
ABX Index Triangle Eliminated

The ABX-HE-AAA 06-1 index has advanced, eliminating the triangle wave count. The zigzag or WxY count is still in play. The index has a little further to rally before it breaks the peak of the rally's 1st leg.

Yields on the US 10 yr bond are finding some resistance. The best wave count I have is a zigzag from the may have completed this week from the June '08 high. The stochastic, MACD, and RIS are giving signs of a bottom. The yield moved from the lower bollinger band to the middle on Friday, and threatens the upper trend channel lines.

http://stockcharts.com/h-sc/ui?s=$tnx&p=D&yr=0&mn=6&dy=0&id=p75635173805
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