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Tuesday, January 15, 2013

Elliot Wave Update ~ 15 January 2013

Not much to add today. Bullish extremes got more extreme which is ultimately bearish.

And the channel was a perfect bounce spot:
If 6 month rates go to even 1%, its probably "game over" for the Fedm banks and the US economy. My point being once rates are on the march higher, huge defaults cannot be far behind.   I am not even considering the massive interest rate derivative market and the effects it will have on that and those that play that game of which the Fed is the biggest player - hence will likely be the biggest loser if things go against them.


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