Inflation and Interest Rates Message Board

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Strategies & Market Trends : Inflation and Interest Rates

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To: Amy J who wrote (22)	6/4/1999 11:29:00 AM
From: Ted The Technician	of 35

Acampora's view on Interest Rates From: prusec.com Rates Interest Rates 30-Year Treasury Bond Yield ( 5.94% ) are currently testing the early May peaks at 5.94% briefly penetrating that level on Wednesday with intraday peaks seen at 5.97%. Potential is building for a move through 5.94% to a secondary objective of 6.09%. Over the next several sessions, we look for a 5.88% - 5.97% range. Key near-term support levels are seen at 5.81% and 5.74%. A secondary upside objective of 6.09% will continue to exist so long as support at 5.74% is not broken. The 5.74% level remains key to the near-term uptrend established in early April. Failure at that level would turn the near-term trend down and suggest a downside objective of 5.65%. Intermediate-term expectations continue for a 5.65% - 6.09% range. The long-term trend remains neutral with limited downside targets over a 3-6 month time frame. Potential continues to exist for a 5.09% - 6.09% trading range on a long-term basis. The 6.09% area is expected to prompt significant retracement back down and remains critical to maintenance of a neutral long-term trend.

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