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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 668.73+1.5%Nov 24 4:00 PM EST

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To: pater tenebrarum who wrote (32428)11/5/1999 2:20:00 PM
From: NickSE  Read Replies (2) of 99985
 
heinz,

Combine the fact that goverment stats are pointing to a easing of pricing pressure and a slowing economy, and a possible Y2K flight to quality and you have the case for a major rally in the bond & USD, not to mention the equity markets.

the way the bonds have been moving lately you would think a deflationary collapse was just around the corner

The Dec. Bond (USZ9) has given a P&F double top buy signal at 112.25 and will give another at 115.75. In order to reverse it's downtrend it would have to penetrate its bearish resisance line at 116.50 and confirm the break at 117.25.
charts.quotewatch.com

The Dec. USD (DXZ9) has recently reversed its downtrend with a P&F double top buy signal @ 99.6 while penetrating its bearish resistance line. I am looking for confirmation of the reversal with a break of the 101.0 level.
charts.quotewatch.com

Regards,
Nick
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