|
PureBytes Links
Trading Reference Links
|
I left out one other possibility in the wave counts which is that we
completed five waves higher to the highs. Then, that means one of two
possibilites:
1) The top is in, at least for many months. My day counts show a top to
be expected near July 2 based on counts from the yield highs in the
early 1980s, so missing by a few weeks is not a big deal. This is
possible. One of the good neural systems, last I checked, was looing for
a turn on July 17 though, so I'd be inclined to believe there is another
leg higher.
2) If it was five waves up, and it is not a high, then we still have a
third and fourth wave higher. This would allow a drop though first into
the low-120s and even into the 119s. It would also imply bonds
attaining much higher levels, like the upper 120s! I do not see this
though without a more significant correction.
Steve Poser
|