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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bo_ who wrote (25190)12/18/2000 11:53:58 AM
From: Joe Hoek  Read Replies (1) | Respond to of 49816
 
this whole thing smells rotten to me...

How bout something even more rotten - big guys know bias going to lossening so they tank things to load up the day before after an AM gap to short into. Just a little bedtime story I'm going to tell my son - I have no idea what's going on.

Now the bond rates are so low that a rate cut has to come at some point. Fed is way behind the curve. Best scenerio would be for loosening of bias, and then a surprise rate cut right after Christmas or New Years to catch everyone off guard.

NOW CAN WE CALL THE 11:30 LEVEL ON THE NAZ THE BOTTOM OF THE YEAR - just for me please??? HAHAHAHAHAHAHAHAHAHA I'm losing it now...



To: Bo_ who wrote (25190)12/18/2000 12:19:15 PM
From: KevinMark  Read Replies (1) | Respond to of 49816
 
First of all, look at this chart....http://stockcharts.com/webcgi/wb.exe?SC.web+$tnx

Now this one.......http://stockcharts.com/webcgi/wb.exe?SC.web+$ust

The point? The markets are sitting just off their lows of the YEAR! The BOND markets are screaming SELL, based on the charts. The markets are not running up in anticipation of this news. Therefore, I don't particularly think they will sell off either. I noticed some VERY HEAVY institutional buying in some issues on Friday, that have NOT fallen below their block prices today. That indicates to me, we will not sell on the news. Why? Because EVERY one expects us to sell off. Don't be surprised to see the markets run after the decision tomorrow.

Load the boat when you see the 10 year treasury yield ($TNX) drop to 50. HEAVY support at those levels.

KM