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

To: donald sew who wrote (11850)	4/23/1999 8:11:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

donald: I just read your update. I noticed you are echoing my analysis of fund flows in and out of the bonds. I also noticed you mentioned the pennant again on the TYX. I did not have time to respond to your questions yesterday regarding the pennant and I do not want to go into to detail, but is an invalid formation per my criteria. That is not saying the rates will not move up, but just saying the pennant is not valid. However, there is a bullish formation in progress (flag). The TYX does have long-term overhead resistance to eventually over come to continue the rise. This resistance can be seen on my TYX chart (dark green line). At the MDA Web Site at: homestead.com If this dip does retest this weeks lows then such would confirm the intermediate top(time frame until early JULY). If this forthcoming dip is only small there are 2 main possibilities: 1) one more surge to the upside to set new highs 2) zig-zagging pattern for about a week before selling resumes Also, I am not sure what you are saying here. Are you saying that this is a intermediate top if this weeks lows are retested and if not you expect the top to occur in July? Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.