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


To: MonsieurGonzo who wrote (32559)11/6/1999 1:29:00 PM
From: donald sew  Read Replies (3) | Respond to of 99985
 
Steve,

>>>> [ XOI : OSX ] : [ TYX : XAL ]

...is an almost "perfect" hedge - where "commodities" on the left are inversely related to "bonds" on the right. The OSX and XAL indices act like "leverage", amplifying XOI or TYX base investments' growth or decay, respectively. This is the classic "old money" family investment formula here in Texas, fwiw. For example <<<<

I mentioned previously and Im currently looking to go long the OSX. I have a CLASS 2 BUY signal on the OSX and in light of your insightful formular above, I also have a CLASS 1 BUY signal on the TYX.

I checked the charts on DEC CRUDE and it appear that it has already started to bounce off of a HIGHER LOW, but the OSX has not yet reacted to the upside. This looks like the 3rd test of the bottom for the OSX. I think that the 68-69 range is a fair spot to step in although there is still a chance of retesting 66-67.

seeya



To: MonsieurGonzo who wrote (32559)11/6/1999 10:24:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Steve,

I heard that the next OPEC meeting, of some sort, is being held in the middle of NOVEMBER. Do you have the exact date.

CRUDE OIL has bounced off a HIGHER LOW and Im wondering if it may be running up into the OPEC MEETING, if there is one in mid-NOV.

thanks