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Wednesday Bond Pivots



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Price and pivot moved down again today for the fifth consecutive
session. Price closed under pivot. OBSI moved down from overbought to
netrual. Stoch turned up. Last day of Treasury auction of 5 year notes
tomorrow. Market found good buying  near major support number of 119-24
which is a 6% yeild. Today have been turning point low. Good Trading
JD

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