On 3/13/14 I posted a shot at a bottom call for short term interest rates … I am revising my count a bit further out as it looks as if we have completed the "A" wave on dec 2016 euro dollars and currently working on the B wave. All we are gonna need now is the c leg that could possibly take the form of a contracting ending diagonal to finally bottom out interest rates in the May June time frame.
The lowest target for the b wave would be the 9742-45 area but it's very possible that we have seen the low as of this morning on the contract at 9760 1/2.
I'm still watching this contract as I believe this will be a great position for a long term ride to higher rates.
No positions as of yet… patience is the key here.
Targets if this is the correct count would be a test and possible breach of the old highs at
9870- 9880
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