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

To: bobby beara who wrote (3551)	1/9/1999 12:53:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

It would be very difficult to disagree with anything said here. The last two days I've read many of the posts on this and the Kahuna thread. Many compelling arguments have been made. Great points for both sides of the market. Of course I'm bullish here. As a trader I never want to go against what the market is telling me. Weeks ago I saw a rally that was slowly in the process of broadening out. Which I believe is becoming more apparent with every trading day. However, I understand completely that this is the most dangerous time to be long the market. Many of the posts from the past couple of days have made me aware of segments of the market, that I have not been following. But yet, how do you argue with the tape. Bobby B and eaDad have made some very interesting points on the Bond market. Looking at the chart for the 30yr bond yields it does appear we're at a very critical point. We just might see a jump in rates. However, my work says that there's pretty good resistance at the 6 to 6 1/4 area. If that's true, will investors sell equities for those guaranteed rates? I can't speak for everyone but my guess would be no. With many of the beaten down sectors coming to life I think the average investor will not be content for those kinds of returns. Just a guess. Still need to take a good look at how things finished for the week. Have a great weekend. SO