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To: dennis michael patterson who wrote (24999)	7/7/2000 2:19:47 PM
From: Chris	Respond to of 42787

from my understand the "thing" <g> is pretty accurate. (backtesting) im hoping to see a good close.

To: dennis michael patterson who wrote (24999)	7/7/2000 2:22:24 PM
From: Chris	Read Replies (1) \| Respond to of 42787

post 25000.. i bet we will be here 5 years from now.

To: dennis michael patterson who wrote (24999)	7/7/2000 2:33:23 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 42787

Hey man .. I'm sure that I'm more rubic than you<g> The "thing" (calling it "IP" now) only changes once per month. Until 7/21 it has a "sell." For this current period for IP to have failed the SPX cash will have to exceed 1505. There's lotsa folks expecting us to run up now .. That said .. the p/c ratio is very low right now. Meaning that there are a lot of little folks expecting the market to run up. On the flip side of the coin the VIX is very low. Which means that big money is cranking out those contracts faster than people are buying them. Both ways of reading options right now say "bearish."