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To: MythMan who wrote (10751)	12/10/1997 3:50:00 PM
From: Defrocked	Read Replies (2) of 18056

Yes...the last fifteen minutes is always difficult to get a program off in. But that won't keep the futures from trading to/at a hefty premium going into their fifteen closing period when cash trading has stopped. Throughout the period following Oct.'87, the Spooz consistently traded at or near the lower arbitrage boundary. Today's market, and trading throughout this year, places SP500 futures trading consistently near the upper arb point. When barrages of institutional selling condition the pit to consistently trade near the lower arb point then we'll have a real bear market IMHO.

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