They do look tight.  But after a $2 drop, you'd have to expect it to pinch.  
Seems like, unless things really fall out of bed, this spread should widen 
from here.  Even if the front stays relatively unchanged.

----Original Message-----
   >From:      John Arnold/HOU/ECT
   >To:          Greg Whalley/HOU/ECT@ECT
   >Cc:          
   >Bcc:      
   >Subj:      
   >Sent:     Wednesday, December 13, 2000 12:33 PM
   >
   >remember when you said there is a reason they call them bear spreads?
   >
   >bring up a chart of f/g or g/h.   
   >f/g is tighter now than anytime since march 99 when ff1 was worth 2.50
   >
   >
   >amazing
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