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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: dennis michael patterson who wrote (38283)1/27/2000 7:37:00 PM
From: Crimson Ghost  Read Replies (2) of 99985
 
dennis:

I think you have it wrong about the bonds. Bond market is acting well only because bond traders expect aggressive tightening by the FOMC. Look for a 50 bp hike in short rates next week with a good chance of more to follow. Yield curve now flat or inverted for the most part. And that is NOT a good environment for stocks -- especially the grossly overvalued NDX. There will be many tradable NDX bounces on the way down -- but primary direction has changed.
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