| | | I'm preparing for that knock on the door as we speak. :)
OK... with the 30 year bonds, the pattern I analyzed was far too s-t to have any bearing on the outcome during an historical move such as this.
So I had to go back to the start of the bull market, in '83, to find the answer.
The double bottom between 83 & 85 projected the 30 yr bond futures price to precisely 184.75. I projected the topping target based on the standard double bottom projection formula I discovered 22 years ago and have used with great success since then.
Looks like the bond market only logged a couple hours of trading above that 184.75 price, and it's no coincidence that on dipping below 180 again, the subsequent rally attempt failed on the historical target (184.75). As long as 184.75 holds on a weekly closing basis, all rally's should be sold. Not a bad time to refi right here either.
My apologies for not delivering this target 10, 15, or 20 years ago.... we could have both been billionaires. it was set in stone in 86, when the only thing I cared about was becoming a ML baseball player. :). Maybe they'll have some good pickup games in prison. :)
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