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To: Patrick Slevin who wrote (46359)	6/19/1998 2:50:00 PM
From: SE	Read Replies (1) \| Respond to of 58727

Patrick, You scalping today for a point here or there...or is today of the type that is just too much damn work! :) -Scott

To: Patrick Slevin who wrote (46359)	6/19/1998 3:56:00 PM
From: Tom Trader	Respond to of 58727

My system is still long the futures But today's action will likely mean that the stop for reversal on Monday will be wide. Re the dollar and its corelation to the bonds and stock indexes, I finally see what you are saying--took me a while. Anyway, I think that you can save yourself the exchange fees, hardware costs and related hassles by just keeping an eye on the currency futures on the CME. Basically that will tell you the story as to which direction the dollar is headed.

To: Patrick Slevin who wrote (46359)	6/21/1998 4:19:00 AM
From: Gersh Avery	Read Replies (2) \| Respond to of 58727

Hi Patrick Re:Yen/bond/market action. I was under the impression that Friday the bonds started to move before the yen. This would be the exception and not the rule. Probably caused because of the news stories in the US, giving the domestic traders a few seconds head start. Also noticed that the US market has been trading lately like the Japanese market .. That is when the yen wants to come into bonds so does money from US stocks .. like those program trades I spotted a couple of days ago .. BTW when I posted about the program reversal, in addition to the stock/bond reversal the yen jumped. That's why I said that about the program trader reading this thread. Oh .. I may have spotted a new indicator (new to me) about SPX reversals .. pertains to bid/ask sizes. anyway .. FWIW Gersh