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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (27473)	7/11/1999 10:55:00 PM
From: nicewatch	Respond to of 50167

Hi OJ, hope your well.... I'm doing well, thanks. TYX???? this baby is going down!!! the DJBB on P&F has just turned UP Frank, which means rates are gonna fall...the MACD just gave a sell too huh??? this P&F indciator gave a sell signal back in FEB and the rates rose dramatically...it just last week reversed up from the depths.... The MACD(13,34,89) turned negative last Thursday, for the daily TYX. In general, I agree with your sentiments. Two of the STORSI's I follow (13,8,5) and (21,13,8) are at or near oversold levels, which could be construed as bullish for rates, but those indicators can stay at an extreme level for a while, and are not always reliable. So long as the MACD (13,34,89) stays negative, and the forks hold up... I agree with you that rates should work their way lower. One thing which I find comfort in for saying that is the STORSI (21,13,8) on the weekly TYX chart. It is still at a relatively overbought area. Moreover, The MACD(13,34,89) on the weekly TYX has peaked -in terms of momentum- over the past few weeks. Put simply, that weekly TYX shows just how much rates have risen since last October. I think the move has been big enough to expect rates to correct (i.e. go down) some. Of course, what do I know <g>... in the end, I'll just follow the trend. CMGI..looks very good..with a MACD buy??? am i right??? just a little one tho<g>... Yes... it's a small one (MACD)... it turned positive last Thursday. I actually still own a bunch of this, and was contemplating what to do with it. All of the STORSI's I look at are in the overbought region. Of course, they could stay up there for a while, but it is something to note, imo. Consequently, since my average purchase price was pretty low.... I am raising stops on my CMGI stock, as a near term decline wouldn't surprise me. I see strong support at 105, increasing about a half a point a day. If CMGI just charges ahead, I still have my position, and all will be fine ;-) If I get taken out, so be it, that would be fine too. <g> The trend is obviously up, and so long as the market pushes ahead, I expect CMGI to be a good net play. same for the SPX??? MACD buy... Right... the MACD(13,34,89) turned positive on Thursday 7/1/99. I think the next logical target for the SPX in the coming weeks is the upper tine of the large up fork, which is at 1452.5 for tomorrow, increasing about a point a day. A few months ago, I never would have guessed that... but now it seems fairly probable. FWIW, talk to you later Best Regards, Frank