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To: Lucretius who wrote (286706)5/10/2004 7:52:44 PM
From: marginmike  Read Replies (2) | Respond to of 436258
 
very interesting cross-currents. All the usiall beloved TA indicators are screaming buyem in SOIZE. Yet Lowerys selling pressure now hopping up above buying pressure, and world reflation trade taking it on the chin. Quite an interesting intersection we find ourselves in. I think we get some form of relief into options ala may 2000 and then they really whack them. I can see some sideways movement through summer, but housing and reits look like they did in 87, golds and comodities are taking the IN out of flation and the worst of it is COT is mad long rates and eurodollars as small specs are short the motherload. Sure smells like a brief wiff of inflation turns into deflation. BWTFDIK