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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (73)2/8/2000 7:21:00 AM
From: donald sew  Read Replies (1) | Respond to of 428
 
I was just looking at the TYX(30 year) and the TNX(10 YEAR), and if I am not wrong, it appears we may be getting an ISLAND REVERSAL to the upside in both the TYX and TNX.
The ISLAND REVERSAL is clearer in the TNX.

Im no expert in ISLAND REVERSALS, but its my understanding that such reversals are strong ones. If that is the case that may not be good for the STOCK market. I would guess that most wont worry until the TNX gets close to its previous peak in the 6.8 range(it closed yesterday at 6.63)

seeya