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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: nicewatch who wrote (409)8/6/1999 1:22:00 AM
From: J.T.  Read Replies (1) of 19219
 
Frank, I agree with your assessment yields are going lower - back down to the 5.8% level for starters. The question becomes do we go back and test 6.1% one more time after tomorrow's numbers, or do bonds soar and get this 5.8% rather quickly within a week.??

Regardless, Bonds are a screaming buy right now if you simply look out the next 18 months and forget the daily whipsaws.

Best, J.T.
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