After impulsing down powerfully last week, the Ten-Year Notes have rebounded and look like a good short.  As discussed in the chat room on Wednesday, the hourly chart gives us a pattern whose midpoint and “D” target are potential short entry levels.  So long as the “C” point of 116^03 is not revisited, the associated midpoint of 116^15 or “D” target of 116^27 can be shorted with tight stops.  A move down to 115^28 would be impulsive on the 15-minute chart, and the daily pattern would be activated a few ticks below there.  Traders should proceed with caution at the time of the non-farm payrolls announcement on Friday morning.  (Posted by Doug McLagan)  _______ UPDATE (11:19 a.m. EST):  The futures headed lower without having gotten near our short offer. Cancel the order.