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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (53954)	11/3/1999 8:52:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

PK---The yield on the long bond has today completed 5 waves down from the 6.40 peak--that implies that a retrace in yield back up is now in store (but will fail) after which the yield will embark on a second 5 wave move down-below the 6.11 low of this first drop.----When this second drop in yields gets into the mid-high 5's, we will THEN run the risk that yields will back up again and this time go higher than the recent 6.40ish. This whole process of putting a s.t bottom in yield could take sveral weeks----As for Friday, my sense is that since the yield is currently at its low at 6.11 for this spike down, we will more likely find the employment data to be too strong and the yield will begin to back up and retrace 50-75% of the 29bp drop from 6.40. There are 2 gaps to be filled, one at 6.243% (47% retrace) and the higher one at 6.316% (72% retrace)-----Bottom line---Since we seem to have already completed the 5 wave sequence down in yield, I would be VERY cautious of an imminent back up in yield starting tomorrow. My 2c fwiw

To: Broken_Clock who wrote (53954)	11/6/1999 11:06:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Papaya King, I just did a comparative study of three Asian stock indicies versus the OSX. The cyclical correlation is stunning. The indices were the KOSPI, NIKKEI, and HANG SENG. The charts were weekly and monthlies to filter out noise. Asian markets typically peak and trough just a wee bit before the OSX. I knew Asia was the key, I knew it. Wonder what took me so long to do this. <g> BTW - there is very little correspondence with the S&P's. Time to go look at Latam and Europe. Technicians; check me on this. Don't want to spout bad info on the board, or I'll be takin' slap shots from Slider! <VBG>