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CORE FUTURES
101 First Avenue, Sand Point, Idaho

(March 25, 2002) COTTON: Cotton did test the upper end of this last 6 months trading range. We should consolidate these gains and retrace a bit as the market determines longer-term direction. The long-term view is one of basing and an upward bias. Weakness should be sold, with stops above last weeks highs for a quick trade.

CT 3700 & 4150

J. Mark Kinoff
www.corefutures.com
email: kinoff@corefutures.com

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