Monday, February 24, 2014

Long term interest rate play





Short term Interest rates (euro dollars )appear to be making one last run at the highs ( low yield ) around the 98.74 area on dec 2016 contract in a final wave 5 of 5 of 5. To end low interest rates for quite sometime. 
5th waves can be tricky as they can develope  in  3 possibilities. I believe that we will retest the highs as the economy sputters along and the fed cranks up the money machine again. A breach of 96.95 on the downside would invalidate this count higher as the 5th wave would be over and higher rates will be in the way…

I will be starting a long term" short" euro dollar interest rate position if and when my targets get hit.

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