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Joanie -
I am a technical analyst who is pretty well known in the institutional
arena on the bond market side, but I am not a trader. My feeling is that
bonds are getting very near a top of some sort. Not sure if it will be
the final top, but there is more short term downside than up side. We
could easily rally on Tuesday morning on the back of the Greenspan
statements from Friday, and if we don't, we could really be in trouble
here. I still prefer one more new high, but recent inverse correlation
w/stocks could prevent that new high.
Steve
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