Objective Elliott Wave............
- Thread starter gharghur2
- Start date
I have concluded, based upon OEW analysis, that the 24-year Supercycle bear market in interest rates ended in June of 2005. Since that low, we have had two impulse waves: the first from late June - early Aug, a correction, and then another impulse wave stronger than the first, from late Aug - early Nov. See chart: BONDdaily. The market is currently in the process of correcting this second impulse wave. Since the first wave was not a kickoff to a bull market like we often see in stocks, but a gradual climb, I've labeled it major wave 1 of primary wave I. The second advance, which was stronger, but it's correction is overlapping major wave 1, I've labeled minor wave i of major wave 3. Thus, we have effectively a 1 - 2, 1 - 2 coming off the recent Supercycle bear market low in June, 2005.
To confirm this bull market, I expect like to see a 5% long term yield by as early as this spring. So one can state that I'm not only bullish on stocks, but now also bullish on interest rates.
To confirm this bull market, I expect like to see a 5% long term yield by as early as this spring. So one can state that I'm not only bullish on stocks, but now also bullish on interest rates.
Oh man.
I am not trying to say that you don't do good work. Just put it in perspective. Writting about stuff months later is of no use to anyone except historians.
Here is a thread from long before your "writeup" where I said rates were going higher:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=57011
It means nothing
nitro
Then why do you continue to think it has value?