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To: Glenn D. Rudolph who wrote (14797)	8/27/1998 1:04:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 164684

Glenn, you bought S&P 100 calls, correct? If you believe in such things, take a look at the chart patterns of the OEX and SPX - extended left shoulder this spring, head in July and right shoulder just completed with necklines broken today. On the SPX, that would project down to about 940 for a 20% correction from the top. Personally, I'm always a bit skeptical of such things (some people manage to find H&S patterns in everything), but it's worth considering. Bob