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To: Nemer who wrote (45105)	6/5/1998 3:51:00 PM
From: SE	Respond to of 58727

Well, today I have had my *SS handed to me in a sling. Not the first time. I am holding my puts. Plenty of time and although premium will be stripped because of the week-end, this two day move is too far too fast and it will have to come back down near term. (Mon/Tues) In too early, again. Stupid Stupid! Have a good weekend all.... -Scott

To: Nemer who wrote (45105)	6/5/1998 4:00:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Nemer, here's the reason.. perfect fit to chart..: Friday June 5, 2:57 pm Eastern Time U.S. House approves Republican budget plan for FY99 WASHINGTON, June 5 (Reuters) - The House of Representatives on Friday approved a Republican budget plan calling for $101 billion in spending cuts to pay for tax cuts. The House voted 216-204 in favor of the $1.72 trillion budget proposal crafted by House Budget Committee Chairman John Kasich, an Ohio Republican, which had raised objections from members of his own party as well as Democrats.