Gary: I always read your posts with great interest. After all, you've you've been making some pretty hot calls on oil lately. If you would allow me to paraphrase - scenario's 1 and 2:
Oil and Osx are far far closer to a bottom, then they are to a top.
My very feeble attempt at intelligence. <gggggg>
Okay, so it looks like scenario 1 is in the making. C'mon Gary, Stick your neck out, give me the penultimate final low for oil. $10, $9, $8, $7, $6, $5, $4, $3, $2, $1, $0, or will the Arabs have to pay us to burn their oil? <ggggggg>
But seriously, I'm interested in your Ewave analyses on US Tbond prices. It seems like there is a war going on between oil traders and bond traders as to who can sell faster. Somethings gotta give here. The yield curve is now definitely assuming a positive slope in anticipation of a pick up in inflation. Who is right? Oil traders or bond traders?
Now matter what your response, I refuse to bash Elliot or you. Thanks in advance. |
