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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: donald sew who wrote (18028)6/21/1999 10:46:00 AM
From: pater tenebrarum  Read Replies (1) of 99985
 
Don, as i have pointed out, important levels of large put open interest in the september bond futures contract were defended. the writers of naked 116 and 114 puts who shorted the contract when it threatened to take out long term support surely covered on the CPI. it is interesting to note that sentiment on the bond is still not very bullish; my guess at this time is a 'failed' retest of the lows, and then a larger rebound, which should fuel an impressive rally in the stock market. the remaining bond bulls should receive another jolt, that would make for a perfect setup for a more durable rally.

regards,

hb
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