Nov

18

 I'm starting to see multiple points popping up along the constant mat treasury curve. When this has happened, historically, the existing trend exacerbates.

Given that the curve is entirely of bull-market shape (i.e. a positive-but-slowly-flattening curve) I have to take this to be a very bullish omen for the next few weeks to months.

Jim Sogi writes:

Read some of Ralph's books for some "secret sauce". They are quite mind boggling.

I've gotten a glimmer of the concepts. For example, his idea of using discrete math and decision trees rather than the normal continuous calculus curves for making decisions. The market is discrete prices with discrete beginnings and ending points giving the decision tree methodology a good practical basis for making decisions in real time.

The yield "curve" also has discrete points and beginning and endings for the bonds each with a discrete term and rates.

I've only heard brief mention of this idea elsewhere.


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