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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: pater tenebrarum who wrote (28483)10/5/1999 8:10:00 PM
From: Jerry Olson  Read Replies (1) of 99985
 
HB

actually Tom Dorsey did an extensive piece on the TYX and T-Bond...we are very close to a major reversal in trend from very oversold levels...

the TYX broke a triple bottom a week or so ago...has been range bound and i would think is heading lower...not higher..

the T-Bond, has made a major bottom here again...seems ready to rock up from very low levels on P&F charts..

i would watch this unfold, because if i'm right, the markets will rumble up from here..albeit, in a grinding way...

while i'm cautious as posted on the markets, i'm going to take some longer term positions in stocks i like for the Feb/Mar time frame...

the nets look better, and without a doubt, the semi sector is/was and always will be the strongest of the strong..you can not get hurt owning these stocks..and there are many high quality companies in that group...

didn't mean to but in here..but Don will understand,GGGGG
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