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To: RDR who wrote (23614)	8/9/1999 9:55:00 AM
From: radames	Read Replies (1) \| Respond to of 27307

i agree 6.21 THE WRITING IS ON THE WALL !!!! <EOM>

To: RDR who wrote (23614)	8/9/1999 12:02:00 PM
From: -	Respond to of 27307

You're right, that is THE thing to watch in this market. Well, in most markets, really -- the Bond market is much larger than the stock market, and half the time the Bonds drag the stocks around, literally. In this market, it is the dominant force moving stocks. The CME Long Bond Futures contract (USU9) is just testing the key prior swing low (113'09) put in on June 24. That price level is like a gigantic magnet at this point, we're so close. They gapped it down at the open and it sold off to as low as 113'22, it has no rallied back to 113'28, off 11/16 of a point on the day and stable. If their is any unfavorable economic number this week, watch out, then the Bonds could break down through this level and we'd have higher rates, deeper market correction. So far, holding though. It could be a long week... :) -Steve