Wednesday, April 6, 2011

Rates

The chart on the 30 yr. brings to mind a climbing story, took place on one of the big walls at Yosemite, can't remember which one. Nearly at the top of the climb my friend saw a guy  FALLING and heard him scream faintly, "FU^%*kkkk!!" , all the way down. Famous last words.
See the last post from Mar 19. Be Afraid 
Note the break to the downside on the following chart from a very corrective looking abc structure up.
30 Yr. Active Mo. Daily
 click to enlarge
Could be it fails to make new lows and it goes up again for a DOUBLE zig zag, but sooner or later it will be continuing it's trend. 

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