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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (18338)2/5/1999 2:50:00 PM
From: MythMan  Respond to of 86076
 
oh, man an entrails chart...stop posting that crap -g-

it is pretty though...



To: Lucretius who wrote (18338)2/5/1999 3:08:00 PM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
5.40 should hold for the 30 year yield for next several weeks .

5.35 will hold today it appears. the 200 Day MA on the tyx.x daily
chart on Quote.com is at 5.4095 that was the high in early Nov.

even though the March T_BOND futures are below 200 Day MA they should
get traction on Monday or Tues.. Maybe a sell-off in stocks on Mon
or tuesday to get the yield going lower.

Longer term The yield daily chart is forming a potential
ascending triangle and this implies a break-out above 5.40 in yield

I would think end of March for that scenario...how about the end of
Japans fiscal year prompting capital flow back to Japan and that
breaks the yield out to a bull-mkt yield...bear mkt in T-Bond Futures???

OK Myth, work me over for this entrail extravaganza <<G>>

J


Addendum...Wow

the CHicago Bond pit guy on CNBC just paralleled some of the above
comments...I just want to point out that I had this typed and posted
at 3:08 which is when he came on......Now Mythman will exile me to
Elba....