30-Year Treasuries: "3rd of a 3rd" Vs. Now

Experienced Elliott wave practitioners know what a "third of a third" means. Indeed, it's one of the most exciting phrases in the world of Elliott waves.

A "third of a third" is the most powerful part of the most powerful wave at that degree of trend, whether in a bull or bear market.

Keep in mind that Elliott waves in financial market charts develop at all degrees of trend. Just to mention a few examples, one wave might extend for a week, another for a year and a long-term wave might extend for several decades. There are much shorter timeframes -- e.g., daily and even intraday. The wave patterns are the same regardless of the scale.

With that in mind, let's consider a "third of a third" in the price chart of the 30-year U.S. Treasury bond, which covers a relatively short timespan -- and, what has unfolded since.

This is from our Aug. 30 U.S. Short Term Update (wave labels available to subscribers):

Observe the price behavior in the "third of third" wave on the chart, as bonds moved strongly higher nearly every day. Now observe the price behavior over the past two weeks as prices lurched higher, retreated, lurched and retreated.

That issue of the Short Term Update also characterizes this shift in price behavior and makes a comment about momentum. Moreover, subscribers learn what our Short Term Update editor expects will be the exact signal that will confirm a major trend change.

When that exact signal is flashed, our editor will shortly thereafter let subscribers know. You don't want to miss this alert because the following move in 30-year Treasury bonds should be big.

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