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To: John Pitera who wrote (53941)	7/30/1999 1:25:00 PM
From: Defrocked	Read Replies (2) of 86076

I can hit yesterday's lows from here with a sand wedge.<g> Bulls can't be feeling too good about today's performance. Where's the bounce??? Especially after a 180-pt. down day? Add to that 3:1 NL/NH ratio, yen cracking 115, bonds off another 1/2 pt. or more, Inuts showing little green, NDX giving back most of the early upside and oil over $21. The bulls need the market to go higher. But the dipsters are getting little satisfaction. The market action feels like "currency intervention" in that the bulls step up to buy but the follow-through evaporates quickly, too quickly for the bulls liking. The next sound you hear may be the thunderous cascade of towels being thrown on the mat, especially if bonds, now approaching today's lows again and at 6.125%. BWDIK.

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