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<DIV><FONT face=Arial size=2>Just to continue the strand on wedges on the bonds,
here is a Gif file some might be interested to see - and care to comment on,
insofaras when they might think that there might be a break (to the
south?)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>At least the last two days have had good sized bars
and there has been a good chance to put bread on the table, but if the wedge is
going to be contained for a bit, then there is going to be some shrinkage before
'the off'. But I think the loading up of puts for the position players
cannot be put off for much longer... pun intended, naturally!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Mind you, if the Spoo goes on heading south with
such determination, the bonds might just pop out of the top of this wedge and
that would not be helpful. Still they are supposed to be the safe haven
instrument, aren't they?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Take care,</FONT></DIV>
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<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</FONT></DIV>
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