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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (14964)	12/14/1997 6:56:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 69925

Thanks Greg, the last hurrah song is in the air and being echoed in many places for varying combinations of reasons. Here's what it boils down to. Nearterm, a sucker rally end of year or beginning of year based on bonds, cash, etc.. then a selloff that makes this horizontal trading range of 7500-8200 a broad top, triple top, whip cream top, whatever... it dosen't matter what you call it. I'm getting low bond projection possibilities for June 98 as I've posted before, that coincides with some other's thoughts on low market numbers being realized in the same time frame. I'll add one last piece of FWIW, which I picked up on a short radio interview with Morgan's head of bond trading (I think).. that he feels bonds have hit their lows, Asia dosen't matter, that the heated US economy will inflate based on wages and benefits. In that he didn't catch the lower rate moves.. I'm just adding this to the conversation. Jim