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


To: Paxb2u who wrote (31598)10/27/1999 2:46:00 PM
From: Cathedra  Respond to of 99985
 
Agreed. The rewards here are probably less than those available in the tech sector, but this appears to be more of a sure thing. IMO the NAZ swoon and bond rally are consistent: both tech longs and bond shorts are hedging their bets on Thursday's economic releases. But the financial sector is showing no fear. So, it probably has less upside than downside.

I am looking closely at Citigroup. The run-up because of Robert Rubin is just fluff. If it can't break above 51, we are looking at 46 and then 44.