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

To: donald sew who wrote (18028)	6/21/1999 10:36:00 AM
From: dennis michael patterson	Respond to of 99985

Agreed. It is interesting that the bond guys just won't quit!

To: donald sew who wrote (18028)	6/21/1999 10:46:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Don, as i have pointed out, important levels of large put open interest in the september bond futures contract were defended. the writers of naked 116 and 114 puts who shorted the contract when it threatened to take out long term support surely covered on the CPI. it is interesting to note that sentiment on the bond is still not very bullish; my guess at this time is a 'failed' retest of the lows, and then a larger rebound, which should fuel an impressive rally in the stock market. the remaining bond bulls should receive another jolt, that would make for a perfect setup for a more durable rally. regards, hb