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To: ViperChick Secret Agent 006.9 who wrote (50977)	8/28/1998 12:38:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

Sonali <<<<that means when globex starts trading....you could see the futures go up 6 or 7 (or whatever the number is) and we would still just be even to where the cash closed... ..more or less..>>>>> by the more or less...I mean that there is another factor called fair value that you have to consider... but what I explained is close enough to get you started.... I just wanted to make sure you knew there was something else.... at night I never mess with the fair value....I just think in terms of how much of a discount or premium to the cash that the futures closed at....to get a ROUGH estimate where we are in the globex session.. so get those concepts figured out...and then you can deal with the concept of fair value..

To: ViperChick Secret Agent 006.9 who wrote (50977)	8/28/1998 12:40:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 58727

Lisa, do you know what Jerry Favors is saying now? I know he was looking for support around 8263 which didn't hold and he said that a 8316 print was important for something but I don't know if that was the trigger point for the big slide to 7300 or if there was supposed to be a relief rally first then the BK. My Alzheimers must be kicking in again, I can't remember anything. Hope I don't forget where I buried all those Mason jars in the back yard. <ggg>