Tuesday, January 10, 2012

Elliott Wave pattern in short term interest rates

The Elliott Wave pattern in 6 month US Treasury looks compelling. One more decline in short term interest rates to complete the structure ?

Source: Elliott Wave Technician / Stockcharts

Possibly a small 4th wave (marked in black colour) triangle in progess. Another decline in wave "5" marked in black colour would complete a larger degree wave "5" marked in blue colour.

Then the stage is set for higher interest rates for the years to come.

Geir Solem
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