|
PureBytes Links
Trading Reference Links
|
I also
do not know where everybody gets the idea that stocks and bonds move opposite
each other. In fact, until the last few years, they have spent more time moving
in tandem than counter trend. The reason for the negative correlation, in my
opinion, has been the huge asset allocation out of bonds and in to stocks. We
might now have the same in the opposite direction as well. However, the norm, as
Don pointed out, depends on where one is in the business cycle (broadly speaking
anyway).
<SPAN
class=900055601-04022001>
Steve
Poser
---Steven W. Poser, PresidentPoser Global Market
Strategies Inc.<A href="http://www.poserglobal.com/";
target=_blank>http://www.poserglobal.comswp@xxxxxxxxxxxxxxxTel:
201-995-0845Fax: 201-995-0846
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Saturday, February 03, 2001
8:56 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
S&P Breakout...
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
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:t-bondtrader@xxxxxxxxxxxx";
title=t-bondtrader@xxxxxxxxxxxx>t-bondtrader
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=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>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px"><FONT
face=Arial size=2>
To unsubscribe from
this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxTo
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxx
Yahoo! Groups Sponsor
www.
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
|