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Attached is daily AGet chart showing bigger picture and reason we didn't
stick around in the day trade. W.4 high is projected at 95-20 and
turning point is projected for Monday. Thus we are on the alert for a
change in trend to w.5. Such a change in trend would likely correspond
with a rally in stocks which may be in the cards - my daily NYSE model
is in buy mode (with bearish divergences) so a push higher in SP is not
out of the question. Also, US$ is falling which will not be positive for
bonds. Given the bearish divergences in NYSE model and strong US$
support at 107.50-108.50, the markets bear close scrutiny.
A bond move above 95-20 without a quick reversal would call for a
re-examination of wave counts.
Earl
Attachment Converted: "f:\eudora\attach\US00M2.gif"
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