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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (19485)	6/30/2001 9:27:18 AM
From: Chuck Williams	Read Replies (2) \| Respond to of 30051

Question to anyone: My friend's a mortgage broker. Any idea why 30 yr fixed rates have gone up so much this week? I was thinking inflation fears, but the only real report that came out this week was jobless claims, and those results didn't show a risk of inflation. Did I miss a report somewhere? Thoughts appreciated.

To: Crimson Ghost who wrote (19485)	6/30/2001 9:57:03 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Geore, I still have a mid July/August decline in the scenario, and since the rally I was expecting started a little ahead of time, and we did not go as low as I expected prior to that, it could very well be we start down sooner. I still think that the bias until about Thursday will be up, that bias might very well get us to the 2250/2300 on the az which in an event is roughly the top of this excursion (changed from the prior 2050 or so, since we did not go all the way to 1850). If that is the way the market plays, i will form a very solid triple top at the 2250/2300 area, which was also the area of a multiple bottom late last year and early this year. Zeev