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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (31687)8/5/2003 2:40:32 PM
From: isopatch  Read Replies (1) of 36161
 
Cometh the storm. 1st of qtrly Tsy auctions goes badly.

marketwatch.com

Yield on the key 10 yr. threatening to take off again.

finance.yahoo.com^TNX&d=c&t=5d&l=on&z=b&q=l

4.5% is the Siegfried Line, folks. We blow that away, and WS can kiss the broad stock market indices goodbye.

Looks like Iso's call of a broad market top on Monday, 7/14
going to end up being damn close.

Message 19109105

<<FWIW, my read is this AM was the top in the broad stock market indices.

At least a good ST correction started today. More likely, it will be an Intermediate Term correction.

JMHO, of course.

Isopatch>>

All the indices have done since is trace out a sideways pattern of whip saws.

Think about it. How many WS pundits nail a call like that within a percent or two?!

Glad to see some of my fav old friends back posting.

For our newer readers who don't know them, can tell you that both Nspolar and Roebear have well earned reputations, on SI, for their thoughtful and insightful posts.

Rock on!!

Iso
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