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good afternoon                                           08/14/98


we have  a temporary   bottom
vix  gave  a  buy signal   tuesday
McClullen osc is showing bulish divergence
closing  all shorts  today @1072 sp-1077

if  monday speech is bad and we have a pull back will buy the dipps
this is just  a short term worh   20-30 sp points
still will re short @1098-1108