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<DIV><FONT face=Arial size=2>As I write, the bonds are trading above yesterday's
high and, as you will see from the attached .gif file that raises the prospect
of a Doji Sandwich on the Contract High.</FONT></DIV>
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<DIV><FONT face=Arial size=2>If it opens well above yesterday's close and trades
up to the Contract High, it could get interesting. If it bounces and comes
off severely, then we will, indeed, see a DS on the CH. That will
undoubtedly mean an up day for the S&P. But if it goes through
and trades up, then the Spoo could have another fall.</FONT></DIV>
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<DIV><FONT face=Arial size=2>We could see the start of a major reversal in the
bonds, or we could see a definite continuance of the up move. But
another doji would just put more meat in the sandwich!!</FONT></DIV>
<DIV> </DIV>
<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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Attachment Converted: "f:\eudora\attach\Possible DS on the CH.gif"
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