AI
Thursday, March 03, 2011 11:09:43 AM
BT,
I did this chart a couple of days ago when I looked at my Hurst bond cycles. I'd say a top in interest rates could be close at hand. But if the 30 yr rate takes out that last Gann line I've drawn, that could be a game changer.
Let me know when you see a 5th complete on the 10 year.
BTW, the way I read this chart is as follows. If rates hold here in the coming weeks/months and then decline again, that would imply a retest of the 2008 lows. If and when rates break above that Gann line and take out the 5.5% level (last 9 and 18 year low for bonds), it's well and truely over for US bonds.
cheers,
john
I did this chart a couple of days ago when I looked at my Hurst bond cycles. I'd say a top in interest rates could be close at hand. But if the 30 yr rate takes out that last Gann line I've drawn, that could be a game changer.
Let me know when you see a 5th complete on the 10 year.
BTW, the way I read this chart is as follows. If rates hold here in the coming weeks/months and then decline again, that would imply a retest of the 2008 lows. If and when rates break above that Gann line and take out the 5.5% level (last 9 and 18 year low for bonds), it's well and truely over for US bonds.
cheers,
john
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