Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (22696)	7/29/1998 11:58:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Bobby; WARNING any rally now will have to buck the 5.75 30yr yield curve, I set that as the limit this market could live with some time back..BEFORE all this bad news. The index bounce early today was against a persistent down tick With those two negatives I ducked out at 12:30 ,. I can not help but think tath they can jack with the indexes , any time ALL indexes go up , with trading volume on the down side so I've concluded with out any real evidence , that the indexes are artificially helped up as members, and specialist are unloading. It don't seem to take them long to do it, but I can see no other way that ALL indexes go up while the tick is relatively strong down and persistent down also. That just does not make sense, and I've caught it several times not just today. --------------- Somebody tell them crooks I also read lips. Also This market has been living off the lower 30yr yield rate for too long to expect it to accept this 5.758 and rising. Jim

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