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Re: None

Friday, 08/20/2004 3:30:53 PM

Friday, August 20, 2004 3:30:53 PM

Post# of 51799
10 yr TSY wave count in question
Possible truncation of the last wave in the ending diagonal.
August 17 and 18th were clearly a zigzag down. August 19th and 20th were clearly a zigzag UP, but never broke the highs on Aug 17.

The best Bullish wave count would be a smaller ending diagonal may have started to end the larger ending diagonal. Another complex wave could be unfolding. If the price drops below the $112-185 level, then the bond rally has probably ended.

http://charts.barchart.com/chart.asp?sym=TYU4&data=Z15&date=082004&den=HIGH&evnt=off...

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