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To: bill meehan who wrote (54936)	8/5/1999 10:00:00 AM
From: John Pitera	Read Replies (2) of 86076

Bill, maybe soon on the boxes, we may even be able to entice some foxes into our upscale boxes -g- It has been pointed out to me how nasty this mkt weakness is. This decline is ugly, and the technical underpinnings continue to be ugly. Today the daily advance-decline line went to its lowest point in over two years, going back to May 1, 1997. Here is an amazing statistic: In just over one year the daily advance-decline line has given back 49% of the gains that it made from the December 12, 1994 low in the daily advance-decline to the April 3, 1998 high. Over that same period of time, while the advance-decline line was giving back 49% of its 1994 to 1998 gains, the Dow moved up from 8983.40 on April 3, 1998 to today's reading of 10,674.77. That is a gain of 18.8%. John

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