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I would tend to agree with Tom. This fits in with the big picture story
I wrote about in the Feb MTA newsletter (cleints got it in December).
Looking for 125+ area b4 market finally turns. Would start getting
nervous though b4 120-10. Think even low-121s wud be danger signal. Note
that I had target high date of July 2. Sticking with that, though it
could take a bit longer.
To access article, go to www.mta-usa.org and click on newsletter and
choose February issue (you will need acrobat pdf reader).
Steve Poser
Tom Stein wrote:
>
> I received a few private e-mails re: my last T-Bond post in April(see
> below)...I forgot
> to post to the group... the follow-up, but following the trend-line breakout
> as indicated would have worked quite well..........
>
> What's next?????????????
>
> I would be very suprised if this move didn't last for a little while
> longer......the pattern that we broke out of took almost 5 months to form.
> IF we drop back below 120.10 then I believe we would be headed into a
> mutli-year bear market for the bonds and interest rates will have bottomed
> out.....As for the upside?????? No one knows, of course, so keep those
> stops in place and we'll let the market tell us what to do..........
>
> Tom Stein
> comfut@xxxxxxx
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