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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (26468)	5/25/1999 11:05:00 AM
From: gerard mangiardi	Read Replies (1) \| Respond to of 50167

Utilities have been making new highs. I expect the other averages to follow along with bonds.

To: J.T. who wrote (26468)	5/25/1999 11:23:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

Hi JT... glad to see you posting your views... just got a piece of very good news... the DJBB index on P&F has just reversed up from very low levels.. this is an indicator for interest rates that gave a sell signal back in Feb, that we were going to have much higher interest rates ahead... and of course we did...NOW it has reversed...a very good sign..not sure if it will continue this move up...but will post it here as i watch it...this is a very significant indicator..it takes a lot to move it... do not think this rally will hold..we sell off later today...10,500 would be the next near term target...then we'll see..i have 10,250-300 as the downside from here...not much JT..not much... regards...OJ