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

To: Judy who wrote (17967)	10/10/1998 10:10:00 AM
From: bobferg	Read Replies (1) \| Respond to of 68781

Hi Judy. What I meant is that bonds still need some selloff to put yields back above fed funds to help right the yield curve IMO, a move ultimately to 6% long bonds wouldn't break my heart. Greenspan could cut some more and produce the same results of course, he may wait and see if the market does the job for him though. Nice trade on LU. I bot it the other day and the next morning it gapped open up to 62ish, at that point I had ~$6 profit and feeling pretty cocky. I think that by the time I got back from getting some coffee it had given up about $4 of those gains and was still freefalling so I bailed out, maybe capturing a buck or so. I missed the low Thursday, wasn't paying attention. :( The CEO has been defending it and especially the estimates pretty aggressively lately which make the probability of a middle of the night earnings warning next to nil, I like that. I may join you Monday for a ride up to test the 200dma and HS neckline. Good luck