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To: Shack who wrote (59554)11/15/2002 8:00:55 AM
From: ajtj99  Respond to of 209892
 
Shack, I am in agreement on that. Even if you're conservative, we can see the TNX wants at least 40.50.

That meshes with what I'm possibly coming around to since yesterday's close, namely the move up to last week's high was an A, the correction to NDX 972 was a B, and we're in the "C" up now.

That's hard for me to swallow, but I'm not going to short again until I see this negated.



To: Shack who wrote (59554)11/15/2002 9:07:06 AM
From: TE  Read Replies (1) | Respond to of 209892
 
Shack,

with the dollar falling and bonds selling....it could also be a situation of foreigners fleeing u.s. assets....i have a hard time believing money will be going from treas bonds into stocks.....why not go into corporate bonds instead of stocks?....yields still widening on corporates and the risk is alot less than in stocks


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