do you expect the trend we're seeing now to continue or as we get closer to the fall, are you looka bit of a pullback? >> i thinkaugust, it's usually quiet in august. a lot of people are comparing this to g august, which was pretty traumatic, at least towards the enof the month, so i think we're going to see low range trading at least into janet yellen's speech. we've come a long way. gone straight up since the post brexit vote i would think seasonally, you're coming into the election. you have an italian referendum, all sort of things going on and it would only be natural that we would see a pullback september, october period, but i don't think it's going to be severe. the level that we're watching on the down is 2050. that's pretty good technical support. 27% from here. 5%, you could, that could happen g to see a big pullbacks quiet, what we mean is that volatility is down. it's really down at two year lows. had a volatility gone away? good bid to it most of the time and it drops like a rock on any of these rallies, which ob, they' rallied back frit now, we're really on fed watch this