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(Z18) Downtrend Resumes *RES....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Downtrend Resumes
*RES 4: 113-22  Top of Triangle beginning May
*RES 3: 113-052 100-DMA
*RES 2: 113-00  Bottom of Triangle beginning May
*RES 1: 112-27  50% 113-277-111.26+
*PRICE: 112-05+ @ 09:16 GMT, Oct 16
*SUP 1: 111-07+ Oct 14 2008 low
*SUP 2: 110-30  61.8% 102-26-125-00
*SUP 3: 109-042 Sep 30 2008 low
*SUP 4: 108-15  2008 lows
Recovery efforts have so far held shallow, suggesting the longer-term downtrend
remains intact. Momentum indicators on the daily charts generate bearish
signals, keeping downside focus on the recent cycle lows of 111-26+. Below here,
bears target the Oct 14 2008 low at 111-07+ and 110-30 which represents the
61.8% retracement of 102-26-125-00. Bulls initially need to reclaim the 100-dma
to change the short-term outlook.

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