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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who wrote (14358)	5/19/1999 1:34:00 PM
From: StockOperator	Read Replies (3) of 99985

LG, If you get a chance read my last post to heinz. In it I refer to the long term chart for the 30yr. I pointed out that the market has had a difficult time every time it reaches this upper resistance line that started in 87. Well we are almost there right now. To get back to the BK post, a quick look at the chart will show you that during the past 12 yrs there have been many inflation scares along the way. But in the context of the big picture, the overall pattern on rates has been declining during this time. Of course we have had the normal peaks in valleys that are present on all charts. But nevertheless rates are falling. And when you consider what impact the internet may have on competitiveness and pricing,,,who knows? Personally, we may just be in a long term period of lower inflation - deflation may not be completely accurate. Besides companies like Deere and Fruit of the loom have been pushing more of their workload off shore for many years now. It is hard to argue with $.50 hr wages. Just some thoughts. Regards, SO

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