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

To: Casaubon who wrote (19829)	7/10/1999 1:48:00 PM
From: HairBall	Respond to of 99985

Casaubon: Now, the TYX is plotted in terms of rising interest rates (the bond selling off) at the MDA site Well not really, the TYX is just the plot of the 30-Year T Bond Rates, however, rising rates does reflect selling in the long bond. A rising wedge is a bearish formation. Most do not retrace to the basis (starting point of the wedge) but they do indicate a sustained rise, which is too steep and will eventually retrace substantially. A complete resolution of a rising wedge would be to retrace back to the basis point and at least a dip below. However, on long term rising wedges I find this rare. Several of the Indices that broke to the upside were in falling wedges, which is the opposite of the rising wedge. I only acknowledge the formations that I believe are high percentage plays. If they are not, they are not worth the bet... I hope this helps. Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.