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Friday, August 2, 2013

E-minis

Yesterday I incorrectly posted the wrong 6 month yield chart. Here is the correct updated chart. Why use the 6 month instead of 3? The 3 year chart doesn't count as well as the 6 month. But they behave in a tightly correlated manner nonetheless so the 6 month is used for wave counts on the shortest term debt.

Note the possible ending diagonal with overthrow that may have reversed upwards.

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