Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (81946)	6/20/2002 9:21:11 AM
From: t2	Read Replies (1) of 99280

I think the COMP may stop at 1492 and do a slight reversal to the 1523-1526 level, BWDIK. We may end down for the day, but we can't just go down in a straight line Aj, thanks. What I found interesting this morning was the commentary that the weak dollar is hurting Bonds. Finally something is starting to make sense to me. Could not believe how strong those bond rallies have been lately, even though dollar was hitting low after low almost every day. Yesterday was one of the weakest days for the dollar yet bonds had one of their best rallies. The other interesting thing is that although dollar has a hit a low, gold is far from the recent highs. What if we are about to hit near term bottom on dollar index combined with hitting lows on bond yields? If there is a turning, could one not make a case for a strong stock market rally? Especially as the stock market has weakened quite a bit lately.

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