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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (21311)11/16/2001 9:27:16 AM
From: Perspective  Read Replies (1) of 209892
 
I see that it was one hell of a contrary indicator on long-term rates! I make few short-term predictions. There were periodic blips in interest rates throughout the 30s, 40s, and 50s, but they were all buying opportunities for bonds. I view this one the same way, although the double-top formed may mean this countertrend move has some staying power. As AA noted, there was a solid 90% consensus that long-term rates were only going lower, and that consensus must be shredded before the market can possibly continue.

BC
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