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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (1661)5/22/2000 10:30:00 AM
From: John Pitera  Read Replies (2) of 33421
 
<I read in one of your earlier posts that you had reason to believe the U.S. Dollar will eventually weaken? We have technical indications of such a weakness creeping into the U.S. Dollar
Index as of last week, an outside reversal day made at new highs..... this could make for a nice short coming up...


We may in fact have set up a bit of a sell in the US Buck.

The spread between the 10 Yr note and corporate bonds
continues to widen I see. The 10 Yr Note yield has stayed
below it's Jan 18th-20th highs while top grade corporates
have made new highs in Yield/Lows in Price.

John
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