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techcharter

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techcharter

Re: None

Tuesday, 07/27/2004 6:51:54 PM

Tuesday, July 27, 2004 6:51:54 PM

Post# of 51804
Bonds Gone Wild:


Today was pure wave 3 action in the bond market. Yields on the 10 year Tsy shot up more than 2.5%

http://finance.yahoo.com/q/bc?s=^TNX&t=5d&l=on&z=l&q=l&c=

There is some resistance ahead by the upper bollinger band and the 50 day moving average. The consolidation will consist of a small wave 4 and eventually a larger wave 2.

http://stockcharts.com/def/servlet/SC.web?c=$TNX,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La1...

The long term bearish indicator is the "test" of the 200 day moving average wasn't even close. Bonds are going through a summer meltdown.
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