The elliott wave principle applied in real time and to all markets.
Tuesday, July 30, 2013
Elliott wave analysis of US 10Y Yield - More upside to cover
US 10 Y Yield
I was asked if I have a Count for the US 10 Y Yield, normally I don't, but this would be my preferred Count both for the long term Picture and the medium term Picture.
I think we saw a triple zig-zag decline from the July 1981 high at 15.84% and saw the end at 1.56% in July 2012. That was a 31 year decline of 14.28 figures.
Looking at the daily chart we can see a nice inverted S/H/S bottom calling for an important long term bottom. The target for this inverted S/H/S bottom is near 3.36%.
From an Elliott wave perspective I would be looking for a much higher target with the first important target near 4.0%. I would not expect this target to be broken in the first attempt, but soon or later it will be broken for a rally much higher.
I'm a keen Elliott wave follower. I do use, what you might call, standard technical analysis too, but my main focus is on the Elliott Wave Principel.
I use it professionaly as well as in my private affairs. To give you an example I sold my house in late 2005 and are currently renting a flat, not expecting to reenter the property market before 2012-2013.
I'm very much into long term seasonal cycles and demography too.
Waiver: I will not accept any responsability for any loss of funds because of any investmenst done on the basis of my analysis. The analysis herein are done with the utmost due dilligence, but can from time to time be wrong and point you in the wrong direction.
You are always wellcome to pop me a qustion or comment on my work and I will try to answer your question, but might not allways have the time to do everything.
My e-mail is: firstname.lastname@example.org