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


To: HairBall who wrote (14582)5/21/1999 9:11:00 AM
From: pater tenebrarum  Respond to of 99985
 
LG, i believe it is the beginning of a flight-to-safety move. the relative valuation of stocks vs. bonds suggests that money should move from the stock to the bond market. probably falling yields will support stock prices for a week or so, which will be an opportunity to set up short positions imo. i'm on red alert.

regards,

hb



To: HairBall who wrote (14582)5/21/1999 9:59:00 AM
From: HairBall  Read Replies (3) | Respond to of 99985
 
Anyone else watching DELL....not looking too good!!

Regards,
LG



To: HairBall who wrote (14582)5/21/1999 11:34:00 AM
From: j.o.  Read Replies (1) | Respond to of 99985
 
LG - If we go back to my Elliot analysis on the bonds from about 1 week ago, this retracement (I named the potential target of 5.7% then as well) is perfectly in-line with the 1,2,3,4 wavecount of the whole upmove from sub-5% rates. Now we just need to find our bottom here and see if we can produce a nice wave 5 lifting us to 5.98% or 6.08%.

If we were to go through 5.7%, I would have to rethink my count.

j.o.