The Naked Truth - Big Kahuna a Myth Message Board

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To: Lucretius who wrote (18338)	2/5/1999 3:08:00 PM
From: John Pitera	Read Replies (1) of 86076

5.40 should hold for the 30 year yield for next several weeks . 5.35 will hold today it appears. the 200 Day MA on the tyx.x daily chart on Quote.com is at 5.4095 that was the high in early Nov. even though the March T_BOND futures are below 200 Day MA they should get traction on Monday or Tues.. Maybe a sell-off in stocks on Mon or tuesday to get the yield going lower. Longer term The yield daily chart is forming a potential ascending triangle and this implies a break-out above 5.40 in yield I would think end of March for that scenario...how about the end of Japans fiscal year prompting capital flow back to Japan and that breaks the yield out to a bull-mkt yield...bear mkt in T-Bond Futures??? OK Myth, work me over for this entrail extravaganza <<G>> J Addendum...Wow the CHicago Bond pit guy on CNBC just paralleled some of the above comments...I just want to point out that I had this typed and posted at 3:08 which is when he came on......Now Mythman will exile me to Elba....

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