To: MonsieurGonzo who wrote (34034 ) 1/25/1998 7:21:00 AM From: donald sew Read Replies (2) | Respond to of 58727
Steve, What a great play on the currency you made. TYX.X - I got my CLASS 1 SELL(if holding the bonds) on JAN 7. It appears that the bottom is at 5.7% approximately. What many to not realise that it has almost jumped .3% to 5.971 in less than 10 trading days, with the majority coming on last Friday. Steve, I am interpreting that as either just cash on the sidelines or equity inflow. Did hear on CNBC that the inflow over the last week into equities did increase. From the the technicals on the TYX, it has reached a short-term top. BKX - If the interest rates remain stable or move back down a little over the next week, the BKX should start moving back up on either Tue or Wed, with the buy-in-date for tomorrow or Tue. Unless the market tanks tomorrow I will be waiting 1-2 more days before getting in. Per my short-term technicals the BKX and XBD are borderling CLASS 1 BUYS. XAL - It has dropped over 40 points over 3 days, and is now a CLASS 2 BUY. The XAL is one of the strongest indexes on a technical basis, but one caveat - if oil prices jump up in the near future. If I play this one on the long side soon, it will be in and out(1-2 days) just in case any surprises from price of crude. If I insist on continuing my long postion it will need some protection with a PUT forming a strangle. OSX - Steve, one more time??? Its a CLASS 2 now. When the DOW turns up the OSX will also. If the OSX turns up before 89, that will be the first signal that it may be turning up for the longer term, and of course, needs further confirmation. It would be the first higher low since the downtrend started a few months ago. Of course, the OSX is being effected by the price of crude, which I believe is at/near the bottom. Should do a chart read on CRUDE. So, you also a pool player?? Seeya, buddy