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techcharter

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techcharter

Re: None

Monday, 02/14/2011 11:31:07 AM

Monday, February 14, 2011 11:31:07 AM

Post# of 51804
TNX correction update

Last week the yield rally on the 10 yr US Tsy paused. I have 3 counts for the correction, all indicating the correction is nearly finished.

1.) Triangle. It bottoms out today. One more yield rally lasting 5 to 10 days in the larger trend, and then a multiweek yield selloff (bond rally). This is the most bullish for bond investors.

2.) A complex correction with a day or two left. Then the yield rally takes off. Bearish for bond investors.

3.) A zigzag correction with a day or two left. Then the yield rally takes off. Bearish for bond investors.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=tnx&time=&freq=
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