USDZAR continues it's wave 4 consolidation before thrusting higher .If this is a triangle (slightly preferred) than an up /down sequence is needed before thrusting higher in wave 5 .If a flat is in play wave C will test the 9.6600 wave A low before thrusting higher in wave 5 .Our targets for wave 5 are 10.6000-11.0000.
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| R186 Yields |
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| TOP40 Daily The wave count on the ALSI counts as complete .We are looking for a very deep bear market over the next few years.The initial leg down targets 33000 the previous wave 4 but we expect it to trade a lot lower than that.The spike in bond yields over the last few weeks is a sign that liquidity in the markets is beginning to shrink despite the best efforts of global central banks.Once this move begins to accelerate the belief in the omnipotence of Central Banks will disappear and this will cause panic. |
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