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To: Patrick Slevin who wrote (45251)	6/8/1998 2:57:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

Lee is probably lurking She is funny She will send me a private mail on something about bonds and say she doesnt want to distract people and I keep telling her POST IT POST IT POST IT ;-) we need someone around that trades bonds like she does.... like Nemer says...she's a peach.... (Lee, you know you have made it on the TSO insanity thread -as Nemer calls it- when I raz you ;-))))))

To: Patrick Slevin who wrote (45251)	6/8/1998 3:26:00 PM
From: Lee	Read Replies (2) \| Respond to of 58727

Hi Pat, I'm here only can't answer why SP8M followed bonds on Friday and were diverging most other times over the last couple of weeks. Must have something to do with the fact that the short end is stuck since the Fed is not going to lower rates and the long end has to keep some premium to keep attracting overseas money, especially in view of our (US) debtor status. E.g. flattening of the yield curve. Looking at Tyx intraday, looks to be similar to SP8M, peak early morning, then sideways. Looks like the SP8U is picking up volume and looking fairly positive on the daily chart though. Also, there's a discussion recently on Omega list about the increasing influence of Globex trades on daily activity. Hard to believe but people are serious about it. personal.atl.bellsouth.net Wish I knew, but the more I find out, looks like the less I know.<g> Regards, Lee