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TAURUS COMMODITIES

133 W. Boscawen Street, Winchester, Virginia

(December 12, 1997) CATTLE: Our short positions are being helped by technical trade and on fundamental weakness, lower cash trade and worries about shaky Asian economies are weighing on prices. With a key pivot point at 64 cents–a 50% retracement from 1996 highs to 1996 lows–a drop through that level should secure an ongoing move down to 55 cent.


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Consensus National Futures and Financial On Line Index

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