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To: John Pitera who wrote (54453)	8/3/1999 11:47:00 AM
From: Defrocked	Read Replies (1) \| Respond to of 86076

I've been looking over some of the SPA charts that tend to indicate implied price distributions and expectations of traders. Appears to me that the 1326 to 1316 area is vacuous over the last two months. This may also be seen in a price graph since June as numerous gaps occurred in this price region for the Sep contract. A retesting of today's lows could quickly spill into an additional ten point drop from there IMHO. If I get any shorter on SPoos I'll turn into a Mini-me.<g>