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To: MythMan who wrote (38395)5/4/1999 6:12:00 PM
From: yard_man  Read Replies (1) | Respond to of 86076
 
POS has quit going up, at least. Biding its time until the crash. Same with the utility stocks.

Watch the yield on the long bond go to 6% in the next 3 - 4 weeks. This market ain't going to be happy with 6%.



To: MythMan who wrote (38395)5/4/1999 6:26:00 PM
From: John Pitera  Read Replies (2) | Respond to of 86076
 
cmb looks like it's about 1 to 2 weeks behind BUD and mcd ,

take a look at daily charts of those 2 and see the type of rounding top and then the break of the neckline, in cmb's case it's 78.

if it breaks below that (which I suspect it will in a couple of weeks)
then the downside will pick up.


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