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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (28863)	3/4/2003 8:00:01 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

I dunno, bear flag breaking? Me being short for the company on it since beg of Dec? Actually, maybe it's a "successful" re-test. Don Sew likes his re-tests within 7% of the prior low, so this could be "successful" <G>. My bigger concern right now is the TNX. It's getting dangerously close to the October lows at 35.55: stockcharts.com[h,a]daclyyay[pc10!c20!d20,2!a37.55][vc60][ilb14!lp14,3,3!ll14!la12,26,9!lh5,5!li10,10!lb14][J8208392,Y]&pref=G I would be astonished if the TNX did not double bottom at least initially at 35.55 or around there. If the TNX bounces, stocks should also. However, you only have to look at the weekly MACD to see the TNX does not appear headed for a long stop at 35.55: stockcharts.com[h,a]daclyyay[pc10!c20!d20,2!a37.55][vc60][ilb14!lp14,3,3!ll14!la12,26,9!lh5,5!li10,10!lb14][J8208392,Y]&pref=G I've measured targets to 32 on the TNX, and there's an old H&S measurement that had 28, but I'm not sure if that's good anymore. Here's the monthly: stockcharts.com[h,a]maclyyay[pc10!c20!d20,2!a37.55][vc60][iLb14!Lp14,3,3!Ll14!La12,26,9!Lh5,5!Li10,10!Lb14][J8208392,Y]&pref=G I'm just trying to figure out how are we going to melt in the indices in light of a possible floor at 32 on the TNX. The only answer seems to be that 32 on the TNX might not be the floor, or the TNX might reverse on inflationary fears (I doubt this personally), making both stocks and bonds unattractive.