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To: Defrocked who wrote (64496)	9/27/1999 4:07:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 86076

Ugly SPoo close possible here. This morning's gap is only 1.5pts lower from here. Hard not for the pit to test the stops there after the institutional selloff out of Cargill and Merrill, the second or third of these in the last few trading sessions. Appears a hedge fund or portfolio manager has been selling since 1345 on Dec through those desks if I recollect correctly.(Please note I'm am just guessing based upon reported flow from the floor.) In any event, today's action was nothing to get excited about if bullish. To a bear it seems higher prices have again been met by selling and the sustainability of the upward trend remains questionable. BWDIK.