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If this is an ABCDE (I dont pretend to know), then 119-14 seems a likely
culprit for the C wave, being:
0.618 extension of A
0.707 retracement of B
Allows the market makers to take out weak stops at 119-20 but respects the
old low of 119-08 (a' of A)
Is an implied yield of just over 6.00% which should bring in the value
buyers
Graham Critchley
Box 330
South Melbourne VIC 3205
AUSTRALIA
Phone 0416 171 006
Intl Ph 61 416 171 006
E-Mail gcc@xxxxxxxxxxxxxx
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