‘I’m Not Sure I’ve Talked To Anyone That Hasn’t Thrown In The Towel’
Former trader and current man who still holds out some hope that one day you'll realize you're looking at things all wrong, Richard Breslow, has delivered his last missive of the week, although if the last line is to be believed, he's going to be keeping an eye on things right up through the close on Wall Street.
Friday's piece is interesting as Richard starts out by noting that the only folks who are likely to feel vindicated this week based on backward-looking positioning data are the bond bu
Well, Elliott Wave International has the 10yr US completing a 2nd wave yesterday and beginning a 3rd wave down now (falling price, rising yield). Our timing model has next week of Sept 4 as a turning point. So pay attention and good luck.
Is it really that hard to predict the price will fall since we have a handful of trading days until the fed starts unloading treasuries? Since the length of Elliott waves are variable and you’re always unsure of the “target” being up or down (there is always a minor wave in the opposite direction) of course it’s going to look like you are predicting things. Why doesn’t the whole world get rich paying avi gilburt $99 a month with his small print caveat to never use more than 3% of your cash at a time? Confirmation bias galore.
Excellent points although I was just providing an example of some widely known analysts who have not acquiesced to the treasury bulls. Also, I do not interpret the 10yr note COT as bullish in an historical context, rather fairly neutral.
….”the road goes on forever, and the party never ends.”
The Highwaymen, almost gone, but not forgotten.