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Bill E.,
See my 1-23-01 post where I suggested that the stock market and bonds do
not always move in opposite directions. When I said "I have been told" it
came from my partner who traded in the bond pit for 11 years. I t all depends on
what point you are at in the economic cycle.
FYI, that is also true for the dollar and interest rates. Reduction in
rates are not always bearish for the dollar.
Sorry the 5/35 EW oscillator did not help you, it has for me for the last 6
years :-).
Looking at it for a week is hardly doing it justice one would think.
don ewers
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=t-bondtrader@xxxxxxxxxxxx
href="mailto:t-bondtrader@xxxxxxxxxxxx";>t-bondtrader
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>RT
Sent: Thursday, February 01, 2001 4:47
PM
Subject: [RT] S&P Breakout...
To me, the attached chart looks very much as if
the S&P is on the verge of breaking out of its trend and could be in for a
decent rally. The only thing that bothers me is when you then look
at the bonds, which have had tree substantial up days, at the same
time.
Since the bonds have been running in the opposite
direction to the spoos, I find this a bit odd. You will see from the
previous post what the bonds are looking like and if they move on up and start
knocking on the door of the Contract High, well what are the spoos going to
do....????
Any thoughts anyone?
Bill Eykyn
<FONT
size=2>>>>>>>>>>>>>>>>>>>>>>>>>>>
Chris,Don't understand 112-11? or is that 12 to 11 (with 102
handle)?Interesting question on whether stocks and bonds can go up, I
asked thatmyself today. I have been told that this flight to quality
thing is a morerecent phenomena and otherwise only showed up in panic
situations, not sureabout that though, maybe someone else can add to that?
I do think it ispossible for them both to move in the same direction in
the right economicconditions? That said I don't know if the conditions now
would warrant that.What time frame on the complex wave 2? I would be
interested in furtherdetail?don ewers
----- Original Message -----From: <<A
href="mailto:nchrisc@xxxxxxxxxxxxx";>nchrisc@xxxxxxxxxxxxx>To:
<<A
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx>Sent:
Tuesday, January 23, 2001 2:37 PMSubject: [RT] Re: Bonds>
There are a few ST fibs at 112 11. Much beyond that and I think
my> bias may switch to the recent high being a big complex 2, which
also> fits pretty well with EW/fib/Gann. Esp if stocks go
up.>> Regards,> Chris<FONT face=Arial
size=2>
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