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To: accountclosed who wrote (32793)	4/12/1999 5:00:00 PM
From: bill meehan	Read Replies (2) of 86076

Got liquidity? <g> I would expect that some of the recent put buying has left more than a few big guns with some free shots to the long side heading into expiration. Also noticed ICI reported $32 billion increase in MM funds week ended last Thursday. Some likely headed to Uncle Sam, but many will be introduced to margin to take care of little things like taxes. The only "fundamental" reason to be bullish would be "New Era" nonsense--hook, line and sinker. Technically, improvement in NH/NL, A/D, action in Russell and broader group participation.

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