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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (134)	6/17/1999 11:21:00 AM
From: J.T.	Respond to of 19219

Market (and DOW) is going to rally look at last nights call on MITA 134 bonds are soaring and yields coming down. <We topped out on the bond yield cash 6.135% few days ago and are now at 6.074%. Assuming Mr. G doesn't brow beat inflation and send imminent warning message of danger of 2 rate hikes, BONDS ARE GOING TO RALLY AND RALLY HARD AND YIELDS COULD FALL BACK DOWN TO 5.96% IN A HURRY WITHIN A WEEK. THIS WOULD STAMPEDE BULL TO NEW HEIGHTS.Eventually 5.88%> Now we just need IBM to do the rest of the bidding for us. Needs to get above 120 and stay above for 15 minutes then she will lead to green pastures and DOW run today. Add to that the tinder added to box as shorts and bears cover their @ss.. <ggg> Best, J.T.