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To: Kevin who wrote (30910)	12/11/1997 9:52:00 AM
From: Nemer	Read Replies (1) \| Respond to of 58727

Kev: I'm looking for a bounce (legnth up not known and maybe nonexistant) at 458 and 955.5 Regards--Nemer

To: Kevin who wrote (30910)	12/11/1997 10:01:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Good morning Kevin I reversed to the long side on the bonds this morning The selling pressure is pretty severe in the stock market -- if the market does not reverse in decent way within the next 30 minutes, I will buy some OEX puts on a retracement -- just for a scalp. I think that the 955 level --which is where the 50dma sits-- on the SPX might provide some support -- if that gets taken out easily we could head quite a bit lower. Hope that you are doing well