here comes your 1930s breakdown. Yes, I know I should be shot for changing the lyrics to the famous Stones song but hear me now und murder me later because interest rates on the 10 years are ready to rock and roll.
In the backlink I showed two potential models for what would likely come next. The image of those models is copied below.
Now compare actual to the red model above and you will see that the gap is filled in 3 waves and interest rates are now set up for wave 3 of 3 up. This is as easy money as you have ever made! Just buy the open and then set a tight stop on it just 1 cent below the wave C low. Then, once it clears $22.60 to hit a higher high, just relax and watch the money roll in because this should be a 3rd of 3rd meaning it will be $25 very soon. Importantly, the wave structure here is becoming very clear which is what we expect to see in 3rd waves. So it will be easy to know when to bail out (i.e. when wave 3 is complete).
Cap'n,
ReplyDeleteAre we still in this? Currently 2.09.
Steven B.