MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

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4:00 PM EST

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To: HairBall who wrote (22022)	8/4/1999 12:37:00 PM
From: j.o.	Read Replies (2) of 99985

LG, I am also watching those 30-Y bond rates as they flirt with the thought of making a double-top here. The dollar embarked on another day of weakness today, and the market (except Dow) is showing the strain. If we are to move higher, we need to convincingly make that break lower in yields which we both expect, and find some interim support in the dollar. Otherwise any attempt at higer levels in the equity markets is going to fall down. Critical week indeed! And very nervous price action over the last days. Good trading! j.o. indextrade.com

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