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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: X Y Zebra who wrote (9762)10/27/2002 3:32:19 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 57110
 
The VIX gave a definite sell signal (buy on the market). Both trendline and value.

But, bond yields have turned down again. This is saying that we are going to have a rally in bonds again. No way that this market can support both a rally in bonds and stocks. Maybe what we see is a seesaw approach where bonds and stocks change places, bleeding off the last of J6Ps savings from both sides.

I am convinced that there will be no tax cuts. We are already on deficit spending and a reduced tax base with mania level infrastructure. But you are probably right that we shouldn't discount the perception.

I can do fib levels on stockcharts. Tell me where you want the levels drawn from.