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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: donald sew who wrote (31363)	10/25/1999 7:59:00 PM
From: Jerry Olson	Read Replies (3) of 99985

Don.. while everyone is/was watching the usual indexs..i was watching the TYX... today it completed a bullish catapult pattern on P&F...let me put it this way.. if it were a stock i 'WOULD BUY IT"...<VBG> this index broke a triple top at 6.15 recently, ran all the way up to new highs, reversed down and now has reversed back up, made a double top buy signal..at 6.40... i would guess this is mucho negative for the markets, near term, and if this pattern plays itself out..and they usually do, we should look for much higher rates to come..maybe as high as 7.10-7.25.. this then leads me to think, we "could" see a .50 basis point move from AG, or..worse than that, a surprise move before the Nov 16th meeting..i doubt that possibility, but one never knows... on the heels of the GDP and ECI on Thurs, AG is "again" talking about the economy and the markets thurs evening... man this could be one terrible week for the bulls... i am shorter than ever before...and will stay that way, until i see the whites of someones eyes<GGGGGGGGG>....

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