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Monday, December 30, 2013

Elliott Wave Update ~ 30 December 2013

Best squiggle count probably has prices dropping into the previous wave iv of (iii) price range before a final wave (v) of [v] of Minor 5.
10 year yields (and 30) have confirmed a large impulse pattern from its low.
If the 6 month yield can break a 4 1/2 year+  resistance line, short term rates may very well spike violently. Spiking yields will ultimately doom the massive credit bubble.

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