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To: Defrocked who wrote (38315)5/4/1999 1:40:00 PM
From: John Pitera  Respond to of 86076
 
def, the 119 '12 level on the jun bond was about the exact low
the first week of march. I can believe that alot of shorts (such as yourself) will cover. and There is a a tepid short cover /buy signal on the daily momentum.

If we see a quick 3 day rally and then a sell of like in early feb off of the 5.42 level then the bond mkt will have more to the downside in price. imo