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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (680)	12/6/1998 8:41:00 PM
From: eabDad	Respond to of 99985

LG- Well, I always liked being the contrarian. Try being long INTC and NVLS on the Michael Burke thread! <g> (No offense, Mike - I'll post there soon). Actually, I am looking for the market to make incremental new highs into January, but if the bond market does not react soon positively, then a major market peak should be in place by the end of January. I say this because market peaks usually lag bond market peaks by about four months. I would not be surprised to see rates back up for the 30y to 5.3-5.5% during the first half of next year, regardless of short-term rate cuts. Z