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techcharter

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techcharter

Re: None

Wednesday, 03/09/2005 9:45:25 PM

Wednesday, March 09, 2005 9:45:25 PM

Post# of 51809
Early stages of bond meltup.


The Feb 8 marked the beginning of the first five wave sequence of a larger 5 wave sequence. The second wave took fewer than 8 days to "correct" and retraced to the previous wave's wave 4. The explosive move today indicates the yield is now in a wave 3 of the larger wave. I expect more gaps to the upside to take place in the next 4 weeks.

The rise in yields is not from inflationary fear as the popular media presents. It fear of default that is driving yields.

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