MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

4:00 PM EST

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To: donald sew who wrote (16532)	6/9/1999 9:24:00 AM
From: HairBall	Read Replies (2) of 99985

donald: Wow...the TYX is breaking up and above the upper trend line of its rising wedge...noting it slightly passed the predicted resistance area of 6.08 and stalled. AS noted in an earlier post today...the TYX is once again moving strongly before the equity Market opens. This may well be a result of money coming out of bonds...to go back into stocks! A continuation of the start of a reverse rotation I suspected would happen in a post a week or two ago? OR, it maybe it is just bad news for stocks? Comments!!! Regards, LG

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