For those of you who follow the bonds, here is a Gilt chart. If we have finished a 5th wave this morning then we may be looking at at least 400 ticks lower from here back to maybe 111.40 area (currently 115.50 on Dec). However I am not 100pct convinced we have seen "the top" as my analysis allows for potentially one more down-then up sequence to complete the move (which would fit with my view for lower equities over coming week or two). Have taken a short at 115.50 but will put a stop at 116.00 for the time being (would move lower in the event the market turns down). May tighten stop if we have a small down move that is unconvincing or else take profit around 115 or high 114's area to see what happens there.
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