Some brief time off from Elliott Wave today to have a look at the fundamentals involved in not only the Yen carry trade, but the state of the U.S. economy and the relationship of debt to GDP. So, I am just reposting this video - the first half of which is really excellent.
I've been involved with markets and Elliott Wave for a very long time but there are things in this video I did not clearly understand (involving 8% plus each year). There is also some technical market talk in the first half of the video. Hint: when you get to the Steve Jobs portion, in the second half of the video, the economics & yen carry trade discussion is done.
Also note, while well done, I do not post this in any way to endorse either of the two firms involved even though I personally find their work credible. If you find it so, so you might like to do them a favor and like and/or subscribe.
Have an excellent rest of the weekend,
TraderJoe
Forget about the labelling but i wanted to share the fib ratios.. 3 is 1.26 times 1 and 4 is 1.38 times 2 which leads me to believe something is going on there is a chance that we may see the completion of 5th monday with some gap up making all this expanded LD. https://www.tradingview.com/x/YISo7esa/
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ReplyDeleteMost of Japan's debt is owned domestically..Most global debt is dollar denominated. We are unlikely to be permitted to let our own debt to GDP ratio get anywhere close to Japan''s. The Bond Vigilantes would torch US Treasury Bonds. Japan and China already dumping.
ReplyDeleteQuestion. There have two rally phases since last Monday open, both rallies five waves, with a corrective dive between Wednesday. So rally two days, one day dive, rally two days into this morning open. Does the similarity of rally size preclude a 1,2 and i, ii ( or a, b and i, ii) thus a, b, c of say an A (or. IV)?
ReplyDeleteThus that three step sequence is about to be reversed/corrected? Or the rally since Thursday is the first step of a larger rally phase?
DeleteES trying to hold mid corrective channel line.
ReplyDeleteWould be a perfect spot for a turn.
Deletehttps://imgur.com/LXucZPd
Love the comment in that video - "Japan is just a bug in search of a windshield, it just hasn't hit it yet".
ReplyDeleteThe world markets are tracking Japan. Welcome to extreme volatility.
ReplyDeleteES 15-min: nothing yet but watching carefully. Taking out the morning low would be a clue.
ReplyDeletehttps://www.tradingview.com/x/gV6BpMeh/
TJ
ES 15-min: nothing but 'stuff-and-nonsense' yet.
Deletehttps://www.tradingview.com/x/wWjp4k9r/
TJ
A new post is started for the next day.
ReplyDeleteTJ
18 ma right above on both spy and qqq, a quick headfake in the morning should end this chop. 5k is weekly bb.
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