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To: chuck weir who wrote (80406)	11/30/2000 2:57:30 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

My data does not go that far back either, but I believe the 10 day arms approached 1.5 after the 1987 crash. Still 1.3 almost always represents a good buying opportunity with the exception of one a century events like the 1987 crash. We are not at 1.3 yet but after today we should be quite close. Another bullish factor is the sharp drop yesterday and today in T-bill yields. This signals that players think the Fed will start to ease in the near future.