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Very tough call on bonds right now, but my best estimate is that we are in
the lower half of w.B (typically a two legged structure) of a w.4 ABC
correction beginning with the end of the steep w.3 decline on 25Oct. The w.A
rally ended 16Nov. If we are in fact in w.B we could see a low around 17Dec
followed by a w.C rally quite possibly above the 16Nov high. This would be
followed by a w.5 decline to complete the basic wave structure from the
Oct98 high.
BTW, all 3 of my NASDAQ breadth models cracked to new pivot lows yesterday
signaling that the expected correction has begun in earnest.
Earl
----- Original Message -----
From: Gitanshu Buch <OnWingsOfEagles@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@markbrown.com>
Sent: Wednesday, December 15, 1999 6:46 AM
Subject: [RT] RE: RT_march bonds
>
> Here you go, Ben - semi-log scale weekly
> This chart = not exactly to your specs
> Data shown from the spring of 1995
> Next chart = exactly to your specs
> Gitanshu
>
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