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To: c_hl who wrote (8267)	10/27/2005 2:49:09 PM
From: Real Man	Read Replies (3) \| Respond to of 12411

1178 is the trigger for me. I agree, the market should decide today what it wants to do. The Fed has started monetirizing again in the past 3 days with coupon passes and huge repos, so something is definitely going on which threatens the system. Such monetarization has always led to rallies in the past. Nevertheless, if we cross 1178, this time may be different somehow. In the past, the market ALWAYS reacted to coupon passes with 100 point DOW rallies. Not today. Not Yesterday.