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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: keithcray who wrote (11451)	8/18/2001 7:21:15 PM
From: keithcray	Respond to of 208838

Excerpt from the Friday morning PremierInvestor, the lead in to this is a remark about the Thursday afternoon rally being merely short covering: With very little bullish money coming into the stock markets, the short covering stopped and the progression lower continued. Lower YIELD good for stocks myth To be able to make the statement "With very little bullish money coming into the stock markets" I look no further than the bond market. Traders that still believe a lower bond YIELD is good for stocks are getting a bitter taste of how wrong that thought process has been. Since reaching a recent peak of 5.9%, MARKET participants have been buying bonds like there is no tomorrow and driving YIELD lower. The 30-year Treasury bond is considered the most "risky" of the US Government Treasuries (30-years time is a lot of risk). It's frightening to think that the MARKET loves this bond so much to buy a YIELD of 5.422% when many stocks are 50-60-70-80% off their highs.

To: keithcray who wrote (11451)	8/18/2001 7:33:21 PM
From: ChrisJP	Read Replies (1) \| Respond to of 208838

Hi Keith, I watch NYSE TRIN throughout the day, which I'm pretty sure is related to the ARMS index. I've been posting it on this thread as an indication of money flow in/out which reflects investor sentiment. It hit 3.92 on Friday, which is INCREDIBLY high. quote.yahoo.com^STI.N&d=c&t=1y&l=on&z=b&q=l Also, the NASDAQ punched through its lower Bollinger Band, which a consider a much more reliable indicator that "its overdue for a rebound". siliconinvestor.com So I bought some QQQs near the close too. I wasn't smart enough to buy them under 38, cuz I was expecting more of a rebound near the close. I still hold EXTR which did rebound, and maybe I'll get lucky with MFNX. Chris