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--- In gannsghost@xxxxxxxxxxxxxxx, "topos8" <topos8@xxxx> wrote:
The bond market is getting very close to strong, intermediate term
support. In the bond futures this support is at 107-02 and in the 10
year note futures this support is at 111-16. I would expect the
market to bounce off of these levels and then rally for a month or
two (at least). Upside rally targets will be 114-115 in the bonds
and 116 in the notes.
At this juncture it is hard to judge whether the upcoming low will be
followed by a move above the June highs or not. My approach to this
problem is not to worry about it until the market gets up to the
initial target of 114-115. A drop from there of any consequence would
probably mean that the bond futures are headed down into the 98-100
zone before a move above 123 commences.
Carl
--- End forwarded message ---
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