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techcharter

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techcharter

Re: pegwatcher post# 12122

Friday, 06/03/2005 12:33:07 PM

Friday, June 03, 2005 12:33:07 PM

Post# of 51804
Peg: Supt Brkdwn, 10 yr TSY, GOOG.

I agree the DJIA, SP, and NAZ fell hard today. intraday support lines have been broken. That last push higher may be in jeopardy now.

I've been following GOOG this week and thought it would break $300 before topping. If not, GOOG has and extended Larger Wave 5 and truncated smaller wave 5. Both indicate a $30 dollar selloff. This would be a crash event since GOOG was the last dotcom to top.

I also think the 10 yr TSY has another rally left. This 2% swing in todays price may be a small wave 2 of a larger 3 of 3 of 3. Any failure of bonds to rally would imply a long term truncation took place and a bond market crash is in the works.

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