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To: re3 who wrote (70489)	10/20/1999 4:26:00 PM
From: Jorj X Mckie	Read Replies (2) of 86076

Ike, I don't doubt it at all. 1290 is my pivot point so I figured that I would take a bearish gamble since one of the P&F short term indicators turned negative yesterday. The general rule is that the market goes the opposite direction of the indicator on the following day. I don't think that we will see new highs until next year. JXM

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