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To: John Pitera who wrote (51313)	7/13/1999 9:13:00 AM
From: coug	Read Replies (1) \| Respond to of 86076

John, In my cynical.. but light hearted way, I was implying that the media always finds a "reason".. Happened in J. Livermore's day. We, as a society, need a reason for everything, then we are confortable and all is right.. Then, in this case the media, gives us what we want.. The media being part of society will dredge up a reason because they need it too. Our leadership operates that way too.. But thats a different story for a different time and place. If we would have been at a bottom..and ready to turn up last night.. We would have hearing about the strength of the bond yesterday and globex would be flying.... There is always a "reason" to explain the happening.. good luck today....Coug

To: John Pitera who wrote (51313)	7/13/1999 9:27:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 86076

such a move as the bond made yesterday is what you'd expect right before a major move down..... Argentina also gives everyone an excuse to cover shorts and get very bullish on the bond before Wed's PPI. Then they can be disappointed. Bond has higher in yield to go... UTY's H&S top projects to a 7%+ bond, as does the bond in yen. the herd is too bullish for this to be a bottom... decisionpoint.com note how this latest move just took us to the edge of the channel that we began back in Jan (this was the 3rd wave)... time to do the 5th wave and break thru the channel in a verticla fashion up to 6.75 or so before we correct and then head higher later this yr or early next.