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

To: Gersh Avery who wrote (1240)	12/10/1998 7:03:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 99985

Damned Gersh makes sense to me now. Thanks for the exp. This old dumb country boy knew something was going on, all I needed was someone who understood things to expain it to me. "Now when someone (like LTCM) is forced to cover such a trade you see the value of the yen go up and at the same time the value of the bond go down. We are not seeing this now. Both the bond and the yen are going up at the same time. Again .. I believe that the cash for the move up in the long bond comes from stocks" Meaning they are supporting the bonds while someone like LTCM covers? Is this a planned support by big money to keep bonds from tanking or just money that thinks bonds are a good buy? If it is a planned support then at some point the bonds could very well tank? Right, or am I still a dumb country boy. <g> Monty

To: Gersh Avery who wrote (1240)	12/10/1998 8:45:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

GERSH; I concur, and just to remind every one I went out of the market Monday two weeks ago, I was not bold enough to short but did go cash except for MOB, which I have now dumped, and CMO which I still hold. ------------------- Rarely I ever post my holdings any more on individual stocks; and I only play a few. But for them who want to do some fast homework check out. Subject 15906 I could be wrong on it, and missed her in the past so far, but I have never caved in on her. She has been one of my worst calls so far in a year, but I think vindication has arrived. <G> -------------------- The DIA indexes I'm running, ( price & cap weighted ) both show the DIA losing liquid, it's not ominous yet but the warning signs are clearly there. Jim