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To: marc ultra who wrote (5305)	5/26/1999 2:11:00 PM
From: marc ultra	Read Replies (1) of 15132

Today's action so far Rates have moved back up to 5.80 at the moment and we're getting the kind of unimpressive rally with mediocre breadth which makes me wonder if we are seeing more distribution. This is the kind of action I would expect to see if we may be seeing a move back up to a potential final top. I remain with a higher than usual cash position watching developments. I am concerned the June newsletter may bring surprises Marc

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