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John Bollinger is warning his clients about a market blow off similar but
not as bad as Japan market had. Many brokerage firms are lowering their
exposure to the bond market now from 50% to 30%. Good indication we are
making a bottom for the near term. The economic reports this Friday will be
tradable for the next few weeks for the bonds. We got ourselves a trading
range in the bonds and probably will see this until supply eases or a
change in Fed policy occurs. Every thing looks so down makes me want to be
long into the reports on Friday. I think Earl's work is pretty accurate IMHO.
Robert
Robert
At 05:38 PM 5/4/1999 -0600, Earl Adamy wrote:
>Technical work still points to 117-118 area into mid-May. While I have
>indications of a top in equities, I don't think this market is going to just
>fade away, I think it is going to go out in a spectacle of fireworks which
>we have yet to see. And when the day does come, treasuries and foreign
>currencies may offer some opportunities.
>
>Earl
>
>----- Original Message -----
>From: <Proffittak@xxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Sent: Tuesday, May 04, 1999 5:07 PM
>Subject: june bonds
>
>
>> hello
>>
>> as you know a few weeks ago i did not think we will break 120
>> we did today
>> crb index and goldman sacks index are creeping up
>> and oil index and spot had DOUBLE from its low
>>
>> if sp500 goes south would bonds rally???
>> maybe temporrarily,,,
>> but if funumentals pressit to be bad,, then bonds should continue south
>> just my view
>> Ben
>
>
>
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