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

To: bobby beara who wrote (5242)	2/2/1999 8:32:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

Bobby, In case you were wondering why XAU faded in the afternoon: Message 7622129 I bought a truckload of ABX and HM Monday. You in? TW

To: bobby beara who wrote (5242)	2/2/1999 8:46:00 PM
From: donald sew	Read Replies (9) \| Respond to of 99985

Bobby, >>>>>> During sell-offs money has poured into bonds keeping rates down. What happened today? <<<<<< I also notice that, and if Im correct that is the first time that has happened in a long time. I am also noticing that the interest rates has been producing HIGHER LOWS since OCT., and it appears that the rates are forming a TRIANGLE. Hey, unless Greenspan cuts rates, there are some hints that rates are moving up. Could it be that the U.S.BOND market is maybe not the best safe haven as it was earlier, and that there could be an outflow of funds to other safe havens in the world. Since I was previously in INT'L trade, I have heard from my sources that the Australian $ could get hit quite soon to the downside. It was explained to me that since Australia is highly commodity driven, the continuing drop in commodity rates is not helping. If anyone can add on, please feel free. Seeya

To: bobby beara who wrote (5242)	2/2/1999 9:27:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Bobby there is the quarterly refunding coming. The dealers are cleaning their books to make room for the new issue. If the refunding is successful the market will rally. Today and tomorrow we are adjusting for the "January window dressing" see my post of last Friday. Bill from the Kahuna tread had a bullish week based on his Barrons indicators. I suspect that the downdraft will slow tomorrow afternoon and we may rally into the end of the week. There is substantial sector rotation out from the stocks and into retail & other staples. BWDIK Haim