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To: AllansAlias who wrote (77879)	7/24/2003 11:47:20 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Very nice, Allan. Let me ask you - since you list the bullish variant first (in blue), does this imply that you consider at this time the bearish version only as an "alternate"?

To: AllansAlias who wrote (77879)	7/24/2003 11:53:14 AM
From: Agamemnon	Respond to of 209892

I'm sure you guys have been pondering the bond sell off. Stephen Roach is wondering if this will spill over to other securities which makes sense I guess if it sends the us$ lower. I charted the 10Y yield against the dow & for the past year they corresponded until the recent market rally. At the same time the charts diverged(i.e. the yield went down). Now the yield is spiking. Initially I was thinking shorting time but it looks like most of the time when the yield rises so does the dow.

To: AllansAlias who wrote (77879)	7/24/2003 2:02:25 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

BTW, it does go without saying I hope that one doesn't want to be anywhere near a longer-term short on such a breakout, whether it would come now or in three weeks or whatever. Sure, if it ends up failing then it would be pretty good odds, but to step in front of it is not good odds. It didn't work for the long-term OEX chart I posted a couple of months ago or the long-term SPX chart I posted. Why would stepping in front of the breakout work for the Dow.