Bonds dropped lower today and are nearing the next support value of 147^04. If this drop is part of a wav iv, there is an up and down move left before the fourth is finished though the final wave down sets a higher low to 147^04. On the other hand, this is 'c of (b)' as in the alternate count, prices will rise in a more direct fashion past the current swing high in 'v of (c) of [ii].

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