Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: donald sew who wrote (24549)	9/2/1999 11:33:00 AM
From: KM	Read Replies (1) \| Respond to of 99985

Don, we had some awfully extreme readings on the TICK and TRIN, don't you think? Similar to August 10? I'd hate to see what has to happen for the Class 2 to morph into a Class 1 <G>

To: donald sew who wrote (24549)	9/2/1999 11:33:00 AM
From: HairBall	Read Replies (4) \| Respond to of 99985

donald and All: Does anyone really believe that the 30-Bond rates have been going up because the Fed has been tightening? Think about it, after three cuts last year the TYX has steadily moved higher, ask yourself why? Go ahead Haim tell em....<ggg> I was one of the first to point out that the TYX put in a significant bottom on Oct 5, 1998. I have also been pointing out that the TYX is moving up in a "rising wedge" formation. It has been on my charts for months now. The rising wedge the TYX has been oscillating up in, forecast that a retrace of this rate rally is on the menu. Keep an eye on it. I believe it is very possible, the long-bond has already seen its rate high for the year or at least very close to it! And, I still expect the Fed to tighten one more time, in defense of the Dollar, to defend US Treasuries. TYX hit a major resistance area, one that has been identified on my charts for months. EDIT: Of course, I have to ask myself...if we are running a surplus why is the US still selling treasuries, you know borrowing money? Regards, LG