MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Skipperr who wrote (13085)	5/6/1999 9:12:00 PM
From: bobby beara	Read Replies (2) of 99985

Skipper, while the bonds may seem oversold by several measures, they have broken out convincingly out of both their 20 & 50 day bands, which usually means the move will continue unless they pull back inside very soon, which should have been today. The base of the tyx of 5.4% was retested on 3/16 and 4/9 and if you thought the tyx was a stock chart the measured move takes us up to 6.1% which is last springs high in rates. we have broken a major downtrend channels of bonds and commodities and all this talk of low inflation and low rates over the last six months has been a nice contrary indicator. Todays action in nutz is looking like trader alans failed double bottom on seek, descending triangle, though we could go up and make another lower peak off an aol retest of 111 area. bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next