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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

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Nov 10 4:00 PM EST

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To: Mao II who wrote (12819)	5/4/1999 2:41:00 PM
From: donald sew	Read Replies (3) of 99985

Mao, I may be wrong, but I believe that if we close where we are now for all the major indexes, today may be the first day in about 3 weeks that the DOW,SPX,NAZ have moved in the same direction, whether up or down. And they are all in about the same magnitude to the downside, with the SPX slightly in the lead. Thats if it remains this way, since we still have over an hour left. That HIGHER HIGHER in the INTEREST RATEs(TYK) is very ominous. Also keep in mind that today the rates got to its highest level in almost a year. As mentioned previously, BILL GROSS of PIMCO, which is one of the largest bond traders, sold alot of bonds a few days ago and when he was on CNBC in the past, he did mention that he felt that rates were heading to 6.00%. Looks like we could be heading towards 6.00% seeya

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