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

To: donald sew who wrote (18779)	6/29/1999 2:00:00 PM
From: Benkea	Read Replies (3) \| Respond to of 99985

Donald: Yep, the market NEVER does what the majority think it will. They all think it will rally after the .25 raise, so it won't.

To: donald sew who wrote (18779)	6/29/1999 2:23:00 PM
From: J. P.	Read Replies (2) \| Respond to of 99985

I think the 30TYX yield is reaching a critical support around 6.05, and if we close twice in a row below it could spark an equity rally, provided the hike is only .25, and I'm going to assume the bias will remain for further tightening. I'm not necessarily bullish nor bearish, but I think the long bond yields are the key at the present moment and if they continue to drop it could signal further upside...