Monday, March 14, 2005

TNX CHART

10 year treasuries Point and figure chart shows "POTENTIAL" for quite an increase. Until this is reversed, it's on the table.

An OBVIOUS breakout above 4.90% would be catostrophic to economy.

IMHO WEAK rally today most in last 1/2 hour, dull volume, a reprieve before MORE selling shortly.

D
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