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To: donald sew who wrote (48938)	7/31/1998 2:50:00 PM
From: Electric	Read Replies (1) \| Respond to of 58727

Don, What is your take in how the market is ending this week? I was hoping for today being an up day, and following the scenario you layed out this week. I know anything can happen with the bond closing soon, but we are giving up all the DOW and S&P gains of yesterday. I am also noticing how the PREM is low, and A&D line is poor. From the time it took to move from -35 to -90 it looks like it might have been a program sell..

To: donald sew who wrote (48938)	7/31/1998 3:37:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 58727

Donald Great call this a.m. Dow now down 177. OEX down 13. Did you initiate PUTS ? ratan

To: donald sew who wrote (48938)	7/31/1998 3:44:00 PM
From: Christineesq	Read Replies (1) \| Respond to of 58727

WOW did anyone catch that spike in the premium? I wonder if the rubin plunge protection team is at work... I didnt think they'd be that obvious and go with the front month futures... Bubba must have made a desperate phone call. I'll have to eyeball the dec contract to see if they made a failed attempt earlier to stop the bleeding. wishing I didnt pick up some calls at 3:00, christine EDIT Favors said 8524 - but did he mention a higher level? He does talk too fast...