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

To: Les H who wrote (12825)	5/4/1999 3:17:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 99985

Hello Les as far as I know, the DJUA is at an all time high...now if the utilites are at their highs, i don;t think interest rates will rise much further.. as i said P&F has what's called the DJBB, it's an index that is very near it;s bottom...maybe it will turn up, but i'm not sure... maybe just the 6% Bond level would create this selloff everyone's talking about..but it will be short shallow and not severe... we all know it takes some outside catalyst to make these big Mother move...there are not a lot of sellers out there...and there's a hugh amount of sideline money looking for a home...