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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Gersh Avery who wrote (1240)	12/10/1998 7:03:00 PM
From: Monty Lenard	Read Replies (1) of 99985

Damned Gersh makes sense to me now. Thanks for the exp. This old dumb country boy knew something was going on, all I needed was someone who understood things to expain it to me. "Now when someone (like LTCM) is forced to cover such a trade you see the value of the yen go up and at the same time the value of the bond go down. We are not seeing this now. Both the bond and the yen are going up at the same time. Again .. I believe that the cash for the move up in the long bond comes from stocks" Meaning they are supporting the bonds while someone like LTCM covers? Is this a planned support by big money to keep bonds from tanking or just money that thinks bonds are a good buy? If it is a planned support then at some point the bonds could very well tank? Right, or am I still a dumb country boy. <g> Monty

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