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To: SE who wrote (47202)	7/2/1998 8:51:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

I posted it there because BB asked something about what I posted earlier, and I thought I should provide a partial rationale for why I think a speculative short will be in the cards in the near term. I can say this; I think the short will come from higher levels. At least the low 60s on the September spoo. Considering Globex is ticking @55.50 @ this point it just may be a consolidation day with an late morning/afternoon rally to new highs in the spoo. Yesterday's mid-day/afternoon advance was pre-saged by the Banks, in hindsight. The Banks upticked virtually all day, taking a rest only from 12:30 ET to the bond close; I wish I was here to see that. I would like to think I would have picked up on that and jumped on board for the ride.