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Strategies & Market Trends : Waiting for the big Kahuna

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To: Philipp who wrote (30851)10/8/1998 12:14:00 PM
From: bearshark  Read Replies (1) of 94695
 
Philipp:

It looks like the DJI has joined the market. Eventually the entire ship sinks no matter how high people can get on it. Over the last several months, there has been a mid-day (approx. 1:30 ET) against the trend move. My guess, if there is one today, it will be no higher than about -80 on the DJI. From 2:30 on, as you say, is when the real scurrying will begin.

All of this could be wrong but it appears that pure emotion is at play now. It is the easiest thing to understand and anticipate. I have one concern that I cannot figure out. There is a striking difference between the rates on the 13-week note and the 30-year bond. In fact, they are moving in the opposite directions. I cannot understand this at this point.
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