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To: pater tenebrarum who wrote (56189)	8/12/1999 12:17:00 PM
From: John Pitera	Read Replies (1) of 86076

Heinz, remember Prechter is out of the market forecasting biz. He still owns the company but his latest report was on Investor psych. and the brain. It's possible that the move in the DJIA from the early May high has been an A-B-C with the C wave haveing been the decline that started on July 19th. We may be rallying from the Fed's move or non-move on the 24th. a djia close over 10850 should indicate a test of the July highs. Bonds are giving a double momentum buy signal. I would have a tough time justifying being short the bonds here on anything more than a 1-2 day trade. BWDIK

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