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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Bilow who wrote (645)6/13/1999 8:29:00 PM
From: Jerry Olson  Read Replies (2) of 18137
 
Hi Carl...

quick post about rates..

on P&F, we have and index called the DJBB, Dow Jones 20 Bond index...

last Feb, it gave a sell signal, and from that top, has moved almost straight down except for a 1-2 week period where it reversed up and then down again...it looks like it will go lower from here...

if/when it reverses up again, we could have a big bond market rally..

albeit..this indicator is very slow moving...

as for AG...because i'm older<g>, i have watched this guy in action...people are saying this .25 basis point increase is factored into the markets...oh yeah???

when he raises, if he does....tank city...the street will think 1-2 more are coming and sell this baby off in a heart beat...

i seen this before...panic will set in..and the way my P&F charts are setting up..that's exactly what is about to happen...

good trading...OJ..
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