Structural Logic
Daily Commentary - 30 YEAR
10/30/2002
BIG PICTURE	USZ 11018
2002 HAS FORMED AN OUTSIDE YR, THE YR HIGH IS IN PLACE.
THE 4TH QUARTER SUPPORT TARGET IS THE YR 2001 CLOSE AT
10117.****
	11207-12 CG & 1998 YR HI
10/28/2002 WEEKLY PICTURE	11109 GAP HI
THE MOST OUTSTANDING FEATURE ON THE 30 YR CHART HAS TO	11102-04 SEPT LOW & 8/14 HI
BE HANDS DOWN THE GAP DOWN FROM THE WEEKLY CLOSE
AT 11210. 11210 FALLS RIGHT BETWEEN THE 1998 YR HIGH AT	***11014 OCT 01 CLOSE
11207 AND THE 2001 YR HIGH AT 11218.
THERE IS NO PRAYER FOR THE 30 YR WITH ALL TRADE BELOW	10926-27 TUES CG & 9/11 LO
11207-11218.	10912-13  10/16 LOW & MON HI
THE KEY TO THE WEEK WILL BE THE GAP HIGH AND LAST	10900 WOC
WEEKS HIGHS AT 10907. NEUTRAL ABOVE IT, AND BEAR BELOW.	10817-19 **
DAILY PICTURE
KEY OFF THE MONTHLY CLOSE OF OCTOBER 2001 AT 11014. BELOW
THE OPEN AND BELOW 11014, THE 30 YR CAN NOT LOOK UP
TO THE UPPER EXTREMES OF 2001 AND 2002 IN THE 111 AND 112
HANDLES.
BELOW THE OPEN AND BELOW 11014, THE 30 YR IS
SET FOR A DIGESTIVE TRADE TO 10926-27 AND THE HIGHS OF MONDAY
AT 10912-10913. ONLY A FAILURE OF 10912 SUGGESTS FURTHER
WEAKNESS TO THE WEEKLY OPEN AND CLOSE AT 10900.
ABOVE THE OPEN AND ABOVE 11014, THE 30 YR IS FLIRTING
WITH THE IDEA OF ANOTHER CHALLENGE OF THE SEPTEMBER
LOWS AT 11102 AND THE AUG FOMC HIGH AT 11104. THERE SHOULD
BE LITTLE IF ANY TRADE ABOVE HERE TODAY. ONLY A BREACH
OF THE GAP HIGH AT 11109 SUGGESTS THE GAP AT 11210
WILL BEGIN TO BE FILLED.