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To: pater tenebrarum who wrote (53413)	7/27/1999 5:11:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 86076

That was a very weak SPoo close as the pit took out all the premium to cash. At this point we're looking at a -50 DJIA opening tomorrow. Of course, if Globex rallies another 6 pts before then we'll open unchanged.

To: pater tenebrarum who wrote (53413)	7/27/1999 5:12:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 86076

he's a likeable fella as long as you ignore most of his investment advice. This was funny:-) I think today was the first time that I saw Bollinger hinting at a bearish market. I am in the same camp as you, we need a correction to keep the bull healthy. I have P&F support levels on the Dow at 10500, 10000, 9100 and 7900. At this point, I would be surprised to see the 7900 tested, but the 9100 level seems like a nice healthy correction. The main P&F indicator (NYSEBP) still hasn't flipped to bearish yet, but I have removed myself from the market in anticipation (except for a little play money). JXM