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To: Rarebird who wrote (37684)	7/23/1999 10:44:00 PM
From: d:oug	Respond to of 116770

(1) "the trend is your friend" (2) sun moon & stars (3) new math ? (1) I wish that Zeev Hed will add his 2 cents to tell me if we is in a trend, or if one should soon try to a catching of falling knifes. ... two prior time periods when prices closed above the upper band this century ... November 1928 and August 1929 ... then again in August 1987. .... Perhaps we are indeed in a new era and no harsh effects will ensue ... Then again, perhaps the piper is about to be paid. (2) fill in the blanks There are two ____ ____ scheduled for 1999, on January 31 and July 28. There are two ____ ____ scheduled, on February 16 and August 11. If a 1999 crash is to take place within the above discovered parameters as delineated by Mr. Puetz, such a crash should begin between January 25 to February 3 or between July 22 to July 31. When we say "such a crash should begin," we mean a top of some kind leading to a decline of 35-50% within a few short weeks could begin ... (3) 2,015 = 10,000 Doug

To: Rarebird who wrote (37684)	7/24/1999 8:44:00 AM
From: Rarebird	Respond to of 116770

NEW YORK, July 23 (Reuters) - There was no second guessing the U.S. bond market's violent reaction a day after Federal Reserve Chairman Alan Greenspan's hawkish testimony, as the Treasury prices fell for the third straight day on Friday. Often, the market initially misreads Greenspan and then after a day of thinking about it more clearly, changes its mind. ''But no one tried to put a softer or bullish spin on Greenspan,'' said Patrick Dimick, senior economist at Warburg Dillon Read LLC. ''That didn't happen today. It was as bad as we originally thought.'' Treasuries. which slid sharply on Thursday after Greenspan told the House Banking Committee the Fed would act ''promptly and forcefully'' to prevent a pickup in inflation, continued to slide on Friday. Bond prices fell as much as 3/4-point and two-year notes were down more than 1/8-point on Friday before bargain hunters emerged late in the day. Market players said they doubted the sell-off was over. ''I wouldn't be surprised it we went to test the lows,'' said Ray Remy, head government bond trader at HSBC Securities. "We're heading into one of the biggest supply periods if the year. We have the two-year (auction next week), the refunding (in the first half of August), we have a lot of data and then the FOMC meeting (on August 24.)