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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (39186)5/6/1999 5:47:00 PM
From: Lucretius  Read Replies (3) | Respond to of 86076
 
tomorrow is a major fork in the road for timing of the BK.. if the bond tanks and stocks start to crash.. the buck will move down to 98 at the 200 dma.... then comes the real fork....

if the selling in the bond conitnues in Japan Sunday night and the yen rallies thru 85.... stocks, bonds and the dollar crash to sub Oct lows w/ maybe a one day bounce on tues or wed and a low on Thurs (best case is a low on Tues w/ no bounce).. where they stop is an open question.. but i have my guesses.

that is one possible scenario and our best shot, IMO. If we rally tomorrow, the buck will bounce a little and don't expect stocks to sell off till after May expiration at the earliest. If we selloff tomorrow and the bond tanks tomorrow, the buck should move down to the 200 dma at 98, but if we rally on monday... expect the 200 dma on the averages and the buck to hold and the BIG BOMB not to hit till we put in a 2ndary top (3 weeks or so)

that is of course just my best guess.. lots of variables to take into acct



To: MythMan who wrote (39186)5/6/1999 5:49:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 86076
 
Bull trap on dollar appears to have sprung. DOW made over a 1,000 points while the dollar couldn't reach the old high. fasten seat belts. LT's kamikaze attack on the way.