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A couple of days ago I mentioned that AGet had reclassified the most
recent rally (on daily) from a corrective w.4 to impulsive while leaving
the weekly corrective w.4 pattern intact on the weekly chart. It is
worth noting that AGet is now estimating that w.5 of the rally will fail
to exceed the 11Apr pivot high. I suspect that this likely means that
bonds are about to settle into a trading range between the 11Apr high
and the 19May low.
Earl
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