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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (740)	9/10/1997 12:44:00 PM
From: GROUND ZERO™	of 5676

Arik, My indicators are still pointing down. I'm short the bonds now for about six weeks. I will need a close below 6.50% in the 30y cash market to scare me. If and/or when that happens, I will be first in line buying the hell out of that market. The bond market is a great trending market, once a direction is set into motion, it is hard to stop it. In the meantime, short is the place to be. Except for quick overnight trades, anyone who took long positions in the bonds within the past six weeks is losing money. The stock market will follow the bonds, the weaker dollar against major european currencies and major U.S. trade partners is the primary immediate reason. GZ

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