John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (430)	3/14/2000 1:47:00 PM
From: GROUND ZERO™	Read Replies (1) of 33421

John, I think you're right, the Fed's rate plan may be having an effect already... the ten year notes appear to be a buy right here... commoditiesfutures.com And the 30 year bonds are putting in a good day also... commoditiesfutures.com Unfortunately, the CRB Index still looks pretty frisky... commoditiesfutures.com Although we may be looking at a double top in the CRB Index... I think if this really is a double top, that the top will eventually be exceeded... I think there's too much upward pressure on the basket of commodities that comprise the CRB despite seasonal factors... the long range weather forecasts for this Summer for Texas through Kansas and to the northwest is for more severe drought... this would certainly keep pressure on the grain and bean farmers throughout that entire region... the CRB Index will likely keep moving higher throughout this year.....BWDIK GZ

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