MDA - Market Direction Analysis

[Namiar]

HK2 and others,

Re: TNX

I would like to know your opinions about the effect TNX has on the equities markets.

1) As short term traders, what rules of thumb are there regarding the movement of TNX pertaining to how you manage your ST positions??

2) Do you feel that there are any direct correlations between TNX moves and stock market movement, one that can be statistically played?? I would suspect probably not. The stock market has few if any direct stimulus-response correlations that can be banked upon. If it were simple, than anyone could do it . .

3) I am more interested in indirect correlation. Lets say the markets happened to be nicely oversold or overbought. Do you suspect then that some TNX movement outside of the statistical norm might serve to catalyze an equities reversal???