Bond futures now have active downside targets at 130^31 and 128^17.  December bond futures confirmed a new bearish pattern on the daily chart at the opening of today’s session.  The pattern will remain in effect so long as its “C” point of 133^12 is not revisited, although the larger bullish trend in the bond market would make that an unsurprising outcome.  Indeed, the larger trend suggests that traders should buy the midpoint pivot of the new pattern at 130^31.  A bid at 131^01 with a stop at 130^28 would risk a hypothetical $156 per contract.  (Posted by Doug McLagan)  _______ UPDATE (2:25 p.m. EDT):  The futures made a low at 131^00, filling our order and then rallying gradually to as high as 131^14 before reversing sharply.  Traders had plenty of time to manage the position profitably.  The reversal broke through the midpoint pivot, suggesting that the “D” target of 128^17 will be reached and will present us with another trading opportunity.