![](http://photos1.blogger.com/blogger/3426/1040/400/081605%20bond%20boxes.jpg)
![](http://photos1.blogger.com/blogger/3426/1040/400/081605%20note%20boxes.jpg)
The updated hourly charts above show that the bonds and notes have both rallied two boxes from last weeks lows. I think today's highs will be followed by reactions of about a box. The bonds are headed for the 121-123 range and the notes for 116 over the next few months.
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