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Re: None

Tuesday, 03/22/2005 7:54:23 PM

Tuesday, March 22, 2005 7:54:23 PM

Post# of 51825
Interest Rate Meltup/ SP500 to Rally

Interest rates are now in a wave 3 of 3. Bollinger bands are starting to widen from weeks of being parallel. There is still a lot more yield rally to the upside.

http://stockcharts.com/def/servlet/SC.web?c=$tnx,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La1...

SP500

The Elliott wave count for the SP500 looks best as a finishing a wave 4 flat that began in early January '05. With the pressure due to oil, rising interest rates, and tough labor markets, wave 5 may not make a new 52 week high. Stochastics are oversold; a bounce of rally is in the works. Liquidate long and start shorting.

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[w,a]dacayyay[dd][pb50!d20,2][vc60][iLp14,3,3!La1...
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