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

To: Lee Lichterman III who wrote (14571)	5/21/1999 8:32:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Lee: To those tracking the bond. The middle tine on my fork is holding thus far around 5.8 but even a break down here should only take us to around 5.65, after that we should cycle our way up to the 6.1% area and we wont hit real strong resistance until around 6.25. I have two trend lines (dark green) that offer resistance on a closing basis. One is a long-term falling RL and one is shorter-term rising RL. Also, the rate action on a closing basis during the Feb-Jun 98 time period, suggest the highs during that period (approx 6.1) will offer resistance as well. (RL = Resistance Line) My TYX chart can be seen at the MDA Web Site at: homestead.com 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.