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To: waverider who wrote (2575)9/5/1998 12:50:00 PM
From: Lucretius  Respond to of 14427
 
rates rising are the 2nd shoe to drop, give them time. they are topping. You cannot have lower rates w/ the dollar dropping. Money flows out of the country (we don't have investment controls like the Japanese that keeps money in the country). Bonds at these levels will be the short of the century. Note that UTIL is looking to breakdown through a H&S pattern and has not confirmed the lower rates on the 30 yr bond. Additionally, gold and the long bond trace each other inversely. Gold leads... we have a negative divergeance as of last week. I think you know where I am going w/ this!

It will all happen at once, the UTIL will break down through it s H&S pattern, bonds will selloff, the dollar will drop, gold and the Yen will rise, and the US equity mkt will go into the dumper. LET'S GET READY TO RUMBLE!!!!!!!!

-Lucretius



To: waverider who wrote (2575)9/5/1998 3:44:00 PM
From: Snowshoe  Read Replies (1) | Respond to of 14427
 
Diamond, perhaps these omens are pointing to 11/1/1998 (Sunday, November 1st, two days before Election Day). Maybe that's the day Clinton resigns under pressure from his own party after LT's October DOW prediction comes true!

Shelia, your comments on the fair bring back my fond memories of hot August days in the Midwest. Up here in Alaska we usually shiver in rain parkas during our State Fair. (The pigs still squeal pretty loud, though.)

-Greg