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Wednesday Bond Pivots



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Price moved lower again today closing below pivot. and below S1 support.
Pivot and stoch moved lower. OBSI netural. Market still trading heavy in
front of Friday's employment report after trading through and closing
below key suport of 119-19 yesterday. Greenspan comments this afternoon
noting the US is "enjoying an extraordinary expansion." imply the Asia
problem may not have the negative effect previously anticipated. Strong
economic numbers seem now to be the focus of traders attention. Open gap
exists at 118-04. Good trading,
JD

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