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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Investor2 who wrote (14616)	2/3/1999 3:29:00 PM
From: GROUND ZERO™	Read Replies (1) of 44573

I2, 1120? How about 1340? I can only look around one corner at at time, but when I look at the cash chart for the 30 year bonds, I see a kind of inverted H and S shaped like a saucer bottom. This gives a measured move to about 5.65% or somewhere close to it provided nothing happens between here and there. My guess is that the interest rate market will regulate rates better than our buddy Mr. G., but my best guess is that they'll raise rates when the market gets near those levels, a case of the market wagging the Feds, and that will probably be the bottom of the bond market, a great buying opportunity..... It might be noteworthy to mention here that we need to keep in mind that Greenspan was very reluctant to lower rates in the first place, he only did so to prevent an equities melt down. He's from the old school and paranoid about inflation, he'd much rather raise rates if he had his choice in the matter, even last October. How ya doin'? GZ

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