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Bob -
Bonds are poised for what looks like a minor third wave rally as part of
a larger corrective rally. Could even see 130 or so, but we must get
this move quickly (over next few days). It is going to require stocks to
collapse me thinks too as surging dollar did nothing for bonds, and they
did not rally much on weak stox either. If we do not rally now, we will
be in big trouble for bonds as a-b-c would be complete at 127-31/128-05
(depending on if u care about night prices) and that wud be second wave
of large still to come five waver down to 112/117 range. Still think we
get there anyway, just might come from 130 instead...
Steve Poser
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
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