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Strategies & Market Trends : The Player's Club

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: GROUND ZERO™ who wrote (2956)	12/16/1999 4:16:00 PM
From: pater tenebrarum	Read Replies (2) of 11513

looking at the TYX chart, i have to agree with your target...we may stall a bit at current levels, but once we punch decisively through 6,40% yields could quickly go higher...remember '87? once the consolidation zone was left behind, the sell-off in the bond really gathered pace. the same could happen here. i know you look primarily at technical evidence, but the fundamental backdrop for bonds also continues to deteriorate. credit markets don't like it when the central bank prints like there's no tomorrow...and that's exactly what the Fed is doing right now. i'm still bullish on commodities as well, for the same reason. the CRB was held back so far by it's ag components, but i think they may be about to bottom... hb

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