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

To: Gary Burton who wrote (32189)	11/3/1999 10:22:00 PM
From: dennis michael patterson	Respond to of 99985

gary, I am as rigorous as the next person. I am fed up sitting on the sidelines watching stocks move up. I have to admit that I've had a good year, and was too cautious as a result. The bears have blown it-- again. They had the market ont he ropes, and couldn't put it away. it's going higher, and I plan to ride it.

To: Gary Burton who wrote (32189)	11/5/1999 12:00:00 PM
From: VFD	Respond to of 99985

<<fwiw--The yield on the long bond has today completed 5 waves down from 6.40 down to 6.11. That suggests an imminent backup in yield to partially retrace the 29bp drop. There are 2 gaps in the drop, one at 6.24 (a 47% retrace) and 6.32 (a 72% retrace). The inference is that bonds are about to fall significantly in price starting probably tomorrow.>> Congratulations!!!. I do not know how you Gurus can predict what's going to happen so accurately. fwiw: the yield is now around 6.03