Sunday, February 1, 2015

[$TNX.X] WC centric model.

Here is the backlink.  The model below is different but the same.  Instead of calculating C the legacy EW way, I use my own WC method.

While this is pretty much assured to rally at this point and to break out both the bottom and top rails, what is not certain from this view point is whether this holds or not.  If it goes higher say to 18 or 19 and then turns back down to a lower low, that WC label easily to W3.  In that case, red a becomes 1, red b becomes 2, the bounce to 18 or 19 becomes red 4.  Because of this I think we should not get stuck on the concept that interest rates must rise about blue 1 for now.   This has to resolve itself before I can be confident of the outcome regardless of what the conventional wisdom count might be.


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