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To: Patrick Slevin who wrote (42659)5/8/1998 9:17:00 AM
From: Jerry Olson  Read Replies (1) | Respond to of 58727
 
Actually Pat

If the SPX trades at 1106...i think that would signal a bullish move...i don;t think at any point today it will get there...

of course we all have seen this senario with the empl report before, however, the enormous drop to 4.3% will scare the hell out of Alan & co...and the markets as well...

Pat if we rally out of this current negative situation, nothing short of an actual rate hike will stop this bull....



To: Patrick Slevin who wrote (42659)5/8/1998 9:49:00 AM
From: peter n matzke  Read Replies (2) | Respond to of 58727
 
Patrick, are you still projecting a failed rally, today??

i just sold the calls i bought yesterday ..picked up 5 points