Les, i just read the bond article by Rex Takagi - he sure has a point, but let me point out that other elliot wavers, e.g. Bob Prechter have a different interpretation that calls for new highs in the long bond. of course, if you put the same question to 10 e-wave specialists, you get 10 different interpretations<g>. i think the fate of the bond depends largely on what the stock market does - if it collapses, bonds will rally sharply; if it continues higher, upside in the bond will be limited. i have to admit that the theories on cycles are not crystal-clear to me. it seems they are also subject to many different interpretations, i have read about projections for the DOW over the next 2 months ranging from 6,900 to 16,000, all based on cycles purported to be either turning up or down, depending on the author's views.
regards,
hb
regards,
hb |
