MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: pater tenebrarum who wrote (12599)	5/1/1999 11:52:00 AM
From: NickSE	Read Replies (1) of 99985

heinz, You bring up some very good points. The June bond could be in real trouble if it should see 119/119.25. Another thing that could be cause for concern is the recent uptick in precious metals. IMO, june gold is going to test resistance at 292 and july silver appears have already broken upside resistance. If these trends continue with lower bond prices and rising commodity/precious metal prices, things could get a little exciting. i think that the stock market may be in for a spell of real trouble should 5,75% be broken to the upside. unfortunately, the june bond futures contract looks a real mess technically. see tfc-charts.w2d.com for confirmation. Regards, Nick

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