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To: IceShark who wrote (22984)	3/3/1999 11:04:00 AM
From: yard_man	Read Replies (1) \| Respond to of 86076

Through 1220 -- wasn't that a key entrails level?

To: IceShark who wrote (22984)	3/3/1999 11:16:00 AM
From: Defrocked	Respond to of 86076

Looks like bonds are responding negatively to potential for commodity bottoms, especially oil, since Japan now looks to seriously inflate. Repatriation may also be a factor. OTOH CRB is down slightly today which weakens the commodity theory.<g> IMHO a breach of the 1215 SPX area could quickly take 300 pts. off the DJIA. In that case a safety bid should come back into bonds. I hope to catch that rebound with another short bond position. VIX expanding nicely here. Yen continuing down. BReal up to 2.19. but Bovespa flat. FWIW.