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To: j g cordes who wrote (29883)12/2/1997 10:43:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 58727
 
Jim

what is the impetus for the bonds to break this all important level

lets see....i believe I heard Jimmy rodgers defending his 6% theory by saying the bond "futures" had not pierced the 6%

so Sultan..you mean on a closing basis or intra-day and are you talking futures.

How can this possible happen with the turmoil in Asia. Now there are folks that say the crisis is over. i don't believe it.

Just a short time before the brokerage house announced its failure it was saying everything was okay.

SHould people really think that Asia turmoil is over and is NOT GOING TO EFFECT US.

Of course, Patrick and I discussed the fact that as a day trader it doent matter too much...but as a position trader it most certainly does.

So with your expertise...dont you think we really need SOMETHING to cause it to break that level.



To: j g cordes who wrote (29883)12/2/1997 11:33:00 AM
From: Rick C.  Respond to of 58727
 
<<For 8000 to be topped with any conviction, I feel we need a bond break below 6%. Its the only way to rationalize a less optimistic profit projection in 1998 with lofty pe's. Call it cost of capital optimism.>>

Jim~Very nicely stated.

Rick