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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (6138)10/6/2000 5:36:29 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
Santelli makes perfect sense to statrats
translation:
the bond market is trying to normalize interest rates
shorterm and longterm rates had been screwy for months
LT rates had been lower than ST rates (signal of recession)
now they are straightening out
they are accomplishing this feat by having shorterm rates rise
these ST rates have risen in the past couple weeks
but now they seem to be stabilizing at slightly higher rates

end result -- difference between shorterm rates and the FedFunds rate is now negligible
thus, the bond market is no longer anticipating a Fed rate cut soon

dunno what is meant with the trendline comment

as for Accutrade, most excellent confirmation signal
they much prefer conventional sheeplike losing trades

EXTR closed nicely after my grubby hands grabbed more March calls
looks like my QCOM resistance at 83 call was right on
RMBS selling today was a nonevent
INTC slippage at 40 probably is meaningless

/ jim
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