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<DIV><FONT face=Arial size=2>From the attached chart it must be pretty obvious
what the bonds ought to be doing - and indeed may yet do! - but by having a the
Spoos underneath, you can see what is stopping it happening.</FONT></DIV>
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<DIV><FONT face=Arial size=2>The is a good example of why it is a good idea to
have an S&P chart handy when you are trading the bonds. You can
see that the bonds want to go down, but are being forced up because of the
Spoo's downward trek.</FONT></DIV>
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<DIV><FONT face=Arial size=2>Interesting...</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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