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To: Defrocked who wrote (67366)	10/8/1999 9:35:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

Def, are you telling me that you guys are going to put the t-bonds in the shredder today? -g-

To: Defrocked who wrote (67366)	10/8/1999 9:52:00 AM
From: pater tenebrarum	Respond to of 86076

Def, re: oil, exactly...in any case, crude is near support and a harsh winter is coming...

To: Defrocked who wrote (67366)	10/8/1999 12:22:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Def, the technical set-up for the bonds does not make it a clear cut case that we are going to take out the 6.22 level in yield and head higher. As bad as it feels for bonds, I would think the next 30 basis point move in bonds will be down in yield. I would consider buying them between today's low and 6.22 realizing that a thrust above 6.25 will prove a bullish scenerio incorrect. Thus a stop should be put in @ 6.25 Ideally I would like one more hit down in price , and pop in yield to 6.20 or 6.22, maybe the PPI will provide that.