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To: Square_Dealings who wrote (77142)7/7/2003 9:36:59 PM
From: the-phoenix  Read Replies (1) | Respond to of 209892
 
The ABC correction also forms a Bullish Butterfly:

dailyduediligence.com



To: Square_Dealings who wrote (77142)7/7/2003 9:39:31 PM
From: ajtj99  Respond to of 209892
 
I'm not sure, but isn't it possible the TNX could go all the way to around 40.50 and still be in a downtrend, with a wave 5 down yet:

stockcharts.com[h,a]maclyyay[d19900107,20030707][pc10!c20!d20,2!a37.55][vc60][iLb14!Lp14,3,3!Ll14!La12,26,9!Lh5,5!Li10,10!Lb14!Lb5][J8208392,Y]&pref=G

I think if anything, this move could go to nearly 38.50 before the B starts, with the C up getting close to 40.50.

That would mean the B down would get to around 32.50 or so.

That's just my thinking anyway, FWIW.