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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (16534)	6/9/1999 9:32:00 AM
From: Gersh Avery	Respond to of 99985

Morning LG .. Re TYX.X Looks like the old indicator will function for the near term. That is stocks inverse to bonds as cash flows from one to the other. I would expect bonds to lead the way. BTW I posted to Berney a couple of days ago that the yen had taken a strong move up. Someone large had reversed some carry trade. The long bond reflected the move the next day. That's done now (for the moment) Gersh

To: HairBall who wrote (16534)	6/9/1999 9:34:00 AM
From: Sonny Blue	Respond to of 99985

>>the TYX is once again moving strongly before the equity Market opens.<< If you look at the chart, you'd see a mini cup and handle around 5.9. Now we are breaking out to the upside. Bond traders mostly trade on technical patterns, and this pattern has no upside resistance level where you can call it to top out. It goes where there is the least resistance. quote.yahoo.com^TYX&d=3m Inflation is back (maybe not in oil and gold prices, but in wage, housing and other services). And the bonds are predicting it.