MrHankydoesWallStreet Posted January 17, 2004 Author Report Share Posted January 17, 2004 Building up for a big break? Sure looks that way, wish I knew which direction NOW so I could make my fortune. Hear good reasons from both sides. My bias is UP, but won't trade it until one of the bounderies gets taken out. Will it be that easy? OR another false break and whipsaw. The tension builds.... Link to comment Share on other sites More sharing options...
Guest Posted January 17, 2004 Report Share Posted January 17, 2004 I find there is a cleaner Elliott wave structure in real (inflation adjusted) yields but the drawback is that using monthly data it is easy to miss sub-waves. Nevertheless the larger pattern looks like a zigzag - possibly with an ending diagonal at C (given the overlap) - that may well be complete. With the continuing fall in CPI concurrent with last year?s rise in nominal yields, the move down from April 03 in the bond market looks a good impulsive fit and complete in terms of real yields. Regardless of whether that move is the c wave of a larger wave 4 of C or wave 1 of a new move down as I believe, my hunch is we head higher in price in the medium term. Link to comment Share on other sites More sharing options...
DrStool Posted January 17, 2004 Report Share Posted January 17, 2004 Holy Guacomole. I've been away from this Forum too long. A 16 page thread that started in October discussing Gann? Let's start new topics when the subject changes. Much more organized that way. Also, since Dr. V. has been busy with his real work, would anyone like to volunteer to be a moderator on this thread? Mainly it would be just to keep things organized. Anyway, time to start a new thread gang! Link to comment Share on other sites More sharing options...
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