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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (16603)	2/25/1999 11:48:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 44573

I feel the bond pressure will continue into March pressing a high of 6, flatten and fall apart in April back down to 5.35, the SP500 has support at 1220 area. The thing we haven't seen is a significant sector rotation.. its just been high tech fluff with a little churning. Business in EU and ASia is not turning up significantly to upside pressure commodities. All of the indicies have tracked each other except the Russell 2K and 5K, which has failed.. the money flow is narrowing, not redirecting into new opportunity yet. In sum.. broadening top action in averages with rising bond rates. Over 6% won't hold and we'll run into a summer rally from a Dow of 87+- 150pts. The flip side of this is that sideline cash is up.. so some dogged sectors might be good interim plays. Energy and worry stocks.. Jim