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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (882)8/5/1999 11:05:00 PM
From: Ken W  Read Replies (1) | Respond to of 1316
 
Jim

2day over 5 day looks to be a very short term indicator to me also. I don't think that, with the spector of interest rates on the rise, and all of the financial data due out next week that the market will settle down too much. New lows are still outpacing new highs and the breadth of the market is still weak.

Bond yields are still above 6% which in my view is bearish for stocks.

Ken



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