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To: Patrick Slevin who wrote (42342)	5/6/1998 9:29:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

Patrick, >>> It's still unclear to me whether the rally last week was a sucker rally or the real thing. People in the industry tell me...I was not here and some files have been discarded...that the rally was on low volume. A definite negative. <<<< That was also my impression of the volume and it is a negative on a technical basis. I still maintain strongly that the KEY is the divergence of the some of the major indexes; therefore I am still holding to my trading range of 8750-9300. I too am still short, but decided to protect myself. Hope it was a sensible decision to hold my OEX 540 puts and sell the 530 puts, since its the first time I did it. Seeya