Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Cynic 2005 who wrote (6052)	10/10/1997 10:38:00 PM
From: GROUND ZERO™	of 94695

Hi, Sorry, I just checked in and saw your post. Certainly a weak dollar can hurt bonds. I see good resistance in cash rates around 6.50%, I will be buying more at that level. A decisive close above that level will turn me bearish. I see this as a retracement of the bull move in bonds that began in recent weeks. Traders are taking profits near the previous lows, but my position is still long the bonds. I also believe it is a safer place for cash than today's stock market. Bonds are reliable at these levels, the DOW is up for grabs. Have a great weekend. GZ

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