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To: Dwight E. Karlsen who wrote (45808)	6/15/1998 7:30:00 AM
From: Stoctrash	Read Replies (1) \| Respond to of 58727

Speaking of climate: Every read the old book about "warm-wet" and "cool-dry"?? Wild stuff, "Climate and the Stock market" or a similar name of the book...(its at the office...and yeah L I'm home but was up till 3:30 watching the ticks) Patrick...tell me you shorted in Globex brotha!!??

To: Dwight E. Karlsen who wrote (45808)	6/15/1998 10:13:00 AM
From: John Lacelle	Respond to of 58727

Dwight, Big time correction underway. It remains to be seen if the "bargain" hunters can stop the slide. I'll be looking for the bottom and jump in for the bounce...late today, or maby tomorrow... -John

To: Dwight E. Karlsen who wrote (45808)	6/15/1998 10:39:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

I see a lot of opinion that SPX 1080 is crucial support. I'm not comfy with the ranges on SP8U as yet, so I've been watching the Cash as well until I get a feel for the Sept contract. SPX 1085 did appear to put the brakes on with respect to the gap-down. Whether this huge gap in the spoos gets filled or not is a serious question. McMillan notes that he thinks if the OEX closes lower than 525 expiration will be dominated by sell programs.