Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (72760)	3/15/2006 10:14:33 AM
From: Real Man	Read Replies (1) of 94695

Some intermediate term topping action in USD. The major IT trend line for the rally from January 2005 lows has been broken, and we rallied back to it for a re-test, now falling again. The LT bonds also broke down, and are now consolidating working off the oversold condition. I found that TA on interest rates, which are opposite to bond prices, works better. The reason is that the size of that market is quite a bit larger - everyone is playing interest rate derivatives (swaps), rather than bonds directly. We need to watch these markets very carefully. No manipulation of the stock market will work once these two start going down together. I expect the breakdown of these markets to resume shortly, probably within a month or so. These markets are the key to liquidity, and liquidity has certainly been the only thing that drove the stock prices up lately

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