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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (1972)12/14/1999 1:18:00 PM
From: TWICK  Read Replies (2) | Respond to of 19219
 
Twick is not being fooled by this. Gone to 85% cash. I'm looking for a stealth Christmas correction, going into a more severe correction during first 15 days of January. That;s when I think major profit-taking will take place, since it appears no one wants to take gains on these highflying techs.

This is a good thing which will keep the bull charging next year, and trap the bears into another year of foolish thinking and wishing.

Twick



To: J.T. who wrote (1972)12/14/1999 1:21:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 19219
 
J.T., 6,30% on the long bond is not yet a level that would worry thew new era 'investors'. the market has already proven it can withstand these levels in the yield. we'd need a severe breakdown in bonds over several days, with fresh lows on the futures contracts set to shake the mania up a bit...just imo.
don't forget, it took over 8% yields to shake the tree in Japan 10 years ago...

regards,

hb