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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: David C. Burns who wrote (1510)	5/13/1999 10:49:00 AM
From: Henry Volquardsen	Read Replies (2) of 3536

David, I don't go in much for specific forecasts. My trading style is much more to reevaluate on a daily basis. That said, as some on this thread know, I had been looking for 5.80 as a good buying level. We have seen those levels and I am tentatively long but with very tight stops. I do not like the current technical picture in bonds. Also given the prospect for some strength in overseas markets I believe that will eventually suck some money out of the US bonds. So longer term I am beginning to see the prospect for further curve steepening and higher bond yields. Henry

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