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To: ViperChick Secret Agent 006.9 who wrote (47229)	7/2/1998 12:23:00 PM
From: Patrick Slevin	Respond to of 58727

Looking at a lot of different things I give a marginal bias to up, late. Lunchtime should be key in Chicago. Then the pits should get about as thin as they can be. If they drive it up then the momentum will be in place, I think. Otherwise, the action between 2 and 3 ET will provide a clue to the close. Now if you would like my intuitive guess? Then up to the 1160+ range. But that is just a gut feel. I have already exited half my position so you can tell I'm less than convinced, myself, about the late direction.

To: ViperChick Secret Agent 006.9 who wrote (47229)	7/2/1998 12:31:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

<one of the most profitable holiday trading days for the upside> According to my almanac, the period between 6 trading days prior and 4 days after Independence Day has been profitable 83% of the time over the last 6 years - 5 of 6. The average move has been 891 spoo points. I don't have specific data on today.....well actually I have this, which I "lifted" from Hank's report. Dating back through 1991, trading days immediately prior to the market's July 4th Holiday observance have closed negative 57% of the time. HOWEVER, whenever the "holiday" observance was a Friday (as currently), the Dow's closing average has been 50/50, i.e. negative in 1991, positive last year in 1997. (And, keep in mind that last year's +101, +1, close +78 day ALSO followed an FOMC "announcement" day, as we are today as well). Whatever.