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CORE FUTURES
101 First Avenue, Sand Point, Idaho

(March 18, 2002) FINANCIAL INSTRUMENTS: Thirty-year bonds spiked into what looks to be a double bottom on a selling climax. The Ten year notes held inside the previous spike low although it did from a similar pattern, it was not quite as pronounced. The weighted NOB (5 notes over 3 bonds) is still moving in favor of the bonds and I would expect a move below 215.

Key levels

USM 98-00 & 100-22
TYM 102-05 & 103-24
FVM 103-10 & 104-15

Previous Recommended Trade Management:

Hold Short weighted NOB spread target 215 risk to close above 220.

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

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