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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (62103)	6/11/1999 12:53:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 132070

A rare moment of clarity, Must have put the ThunderChicken down that day -vbg- 127.0.0.1:3456/SI/~wsapi/investor/reply-8010813 To: bill meehan (21316 ) From: John Pitera ( Ignore ) Wednesday, Feb 24 1999 3:05PM ET Reply # of 45950 Bill, I think it's hard to over estimate how bearish this break of the 5.42-5.45 is for the bond market and by default the equity market. the straight edwards and Mcgee measuring implication for the ascending triangle that the yield has penetrated today at 5.42 would have a measuring implication of 6.10-6.15%... that would even have Garzarelli's model below 30 and in a market sell mode. 6.15% should provide a 12.5 to 17.5% correction in the stock market. just a thought