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

To: HairBall who wrote (52085)	5/25/2000 3:25:00 PM
From: KyrosL	Read Replies (1) \| Respond to of 99985

Anyone happen to notice the TYX (30-year rates) falling with the Dow Industrials today... Flight to quality?

To: HairBall who wrote (52085)	5/25/2000 4:44:00 PM
From: westes	Respond to of 99985

If the bond rallies, that would be bullish, since it would in effect signal that the market thinks that short rates are near a top and need to come down after that. Did anyone catch the ride on TNX or TYX up after the strong ECI number last month? That was the only time I've tried to trade that option since it is not normally known to move in large increments. But in five straight days it was up. It was the only time I had a clear sense that the market had underpriced the long bond and needed to adjust.

To: HairBall who wrote (52085)	5/25/2000 4:47:00 PM
From: el paradisio	Read Replies (2) \| Respond to of 99985

LG,I noticed transport and financial falling. What is your interpretation on falling TYX ? We may be forming a short term double bottom..... Indu broken, but Nya at 630 and Compx at 3200 may hold. el

To: HairBall who wrote (52085)	5/25/2000 11:37:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

''Anyone happen to notice the TYX (30-year rates) falling with the Dow Industrials today..''' yep, and as i posted a few days ago, greenie's next interest rate move will be completely opposite of the street's consensus. tyx had a 3 peaks and a domed house formation into mid january, around the time when "economists were exhuberantely unanimous about the growth of the economy" this rally in rates is a failed rally, in a disinflationery scenario, just like the bear market rally in the nikkei and failure. the equity reversal at FOMC and .5 rate hike shows that greenie and fomc is out of touch with the trends in place and the fed has instead of calming a volatile market, added another piece of volitility by stepping up to .5. barney rubble who was fomc in gork's time, raised 5 quartz stones, made the same mistake, nobody ever learns -g-