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To: Defrocked who wrote (47730)	6/17/1999 3:14:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

we rocked right down to 5.95, the 5.75 level may be seen over the next few of weeks a very good point that a global economic heat-up coupled with even high US stock prices may prove to be the next factors for a bond price decline, the 118 '16 level is a very convenient confluence on the Sept bond chart of the 50 dma, a 50% percent retracement of decline from 123 to 113 and change low on June 11th. as well as potential elliot 4th wave of lesser degree. I 'd say that this would correspond to 5.75-77 . that would be over the course of a few weeks or so, shorter term, 5.92 should see selling BWDIK -g-