US 30 Yr Bonds. The annotations didn't show up, but that's not surprising since the chart is a Java App.
From an elliott wave view, the March to MAy '04 selloff looks very motive, a clear 5 waves with the 3rd wave extending. The rally that started inMay '04 looks corrective due to a leading zigzag and a bunch of overlapping waves.
Chances are the US investors will follow the advice of "seeking shelter" in bonds once the equities start to move lower again. THat is if Asian investors don't start dumping US treasuries first.
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