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Dorthy,
You have repeatly mentioned that you thought DEc bonds will reach 98 (which
I would tend to agree with direction wise, once the apparent market lows are
in).
But before that happens, is it possible the bonds go higher, first?
Attached is what AGET is showing currently.
The 60min, I went to "short term count" and the 5/17 oscillator since the
5/35
and 10/70 oscillators have both lost control (in the original count and long
term
counts). It indicates bonds are possibly headed higher and they are in a
wave 3 (a wave 4 correction will occur along the way at some
point). The MOB above has not been reached (doesn't mean it has to, it is
just a target that if reached would provide some resistance). I what if'ed
in the first two hours today.
The daily chart says 5 waves are in but the MOB was not reached and if there
is a new count down (1? and 2?) the the wave 2 went way too high? I am
thinking that the prior drop was minor wave 4 of wave 5? So again bonds
could move
higher. I what ifed in todays action so far (106-02 high).
The weekly says we have yet to complete wave 5 also. The MOB there is
substantially higher (off of a different pivot, the old high in 1998). Looks
to me like we also
are putting in a weekly inside bar.
So just a thought, that we could move higher, before we go lower.
I would be interested in any thoughts on a spike move up at least to a new
"current" high above 107-01 please. If a double top spike top on the
weekly's were to occur, well that would be a gift for all of us (to sell),
but highly unlikely, that was a LTC thing.
don ewers
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