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Guys don't you see the little 5 wave starting on about July 28 or so? If so
there must be at least an other up move as it looks to be in the #4
pullback. I will admit that we are getting way out there But any more
downside action in the Dow and we will see higher bonds.
Brent
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> From: Proffittak@xxxxxxx
> To: swp@xxxxxxxxxx
> Cc: realtraders@xxxxxxxxxxxxxx
> Subject: Re: GEN: Astrology
> Date: Monday, September 07, 1998 3:35 PM
>
> In a message dated 98-09-07 12:45:35 EDT, you write:
>
> << I am a technical analyst who is pretty well known in the institutional
> arena on the bond market side, but I am not a trader. My feeling is that
> bonds are getting very near a top of some sort. Not sure if it will be
> the final top, but there is more short term downside than up side. We
> could easily rally on Tuesday morning on the back of the Greenspan
> statements from Friday, and if we don't, we could really be in trouble
> here. I still prefer one more new high, but recent inverse correlation
> w/stocks could prevent that new high.
>
> Steve >>
> i agree short term we made a top
> my bottom for this move is in the 123 16-124 16
> next leg up 129-130 date for this run up 11/01/98-11/07/98
>
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