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To: Berney who wrote (7424)12/21/1999 1:15:00 AM
From: Gersh Avery  Respond to of 11051
 
Well ..

The dollar is still continuing it's pull back ..

I think that the bond may have one of it's little pop up's in value after the FOMC news.

With liquidity being drained off toward overseas, a run up in the bond would be fueled from cash coming out of stocks.

Now then .. this weekend I chewed this over while I was on the road .. cash pulling out will like to go somewhere safe .. the long bond .. when the bond goes up in value it tends to take the BKX with it. You're observation of the coiled pattern there would fit very well.

In the case that I've been outlining, the most speculative stocks would take the biggest hits while the most "prudent" would gain the most .. or at least be the first ones to bounce back.

Anyway .. I figure watch the bond to get a jump on the BKX ..

My old friend "OEX.X/SPX.X" looks real interesting on the 60 minuet chart.



To: Berney who wrote (7424)12/21/1999 3:12:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
interesting ..

interest rate sensitive stocks rally while interest rates go up and the dollar goes down ..