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

To: dealmakr who wrote (6188)	2/12/1999 9:00:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

INDEX ============== In case it hasnt been noticed, the bond market is dropping and the interest rates hit 5.395, but has come off the highs. From a chart perspective the interest rates are not far from producing a HIGHER HIGH, which is a negative for the stock market. I want to comment that this market has absorded alot of bad news; however I think the one thing that market may not be able to absorb too easily is rising interest rates. Yes I realise that Greenspan is in the background. I feel, and its speculative, but if rates gets to the 5.5% range, such could intensify selling. Lets see how effective and successful calls made on one day's performace make out. Yes I am cynical, but mainly cynical toward the media and analysts which promote such short-sighted analysis. Hey they could be right, but I will always argue strongly that analysis based on more data, is better than basing it on one day. This is one time that I will be EMPHATIC about. Once in a while a one day analysis may work, but such is strongly against the probability. Seeya Seeya