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

To: Follies who wrote (61978)	11/7/2000 1:59:27 AM
From: Gary Burton	Read Replies (1) \| Respond to of 99985

No I mean 7%--Everyone should get hold of a bond chart going back at least a few years. The 30yr yield rose from 4.69% in Oct98 to 6.75% in Jan00 in a 5 wave sequence--Then it retraced 55% back down to 5.62% in Apr00 and double bottomed at 5.63% in Sept00. As I see it, it is now headed past the 6.75% peak and in the last 2 days has again broken above the downtrend line in rates (closed Monday at 5.90)----same trend in 10yr note-as well as tbills----Eventually, rates will collapse again due to econmic weakness but the interim period won't be pleasant. The Bond Market doesn't like being taken for granted (vbg). An unmistakable signal of a GOP sweep