If the bonds are going to reverse their recent downtrend soon, they might be expected to do so at a midpoint pivot of 116^15, which can be bottom-fished with a tight stop.  The associated D target is 115^01, an area that will bear watching, as the midpoint of a larger daily pattern sits at the 115^10 level. ______ UPDATE (02:47 p.m. EST): The bonds have moved up enough to cancel our 116^15 and 115^01 targets.