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To: SJS who wrote (2695)	7/22/1999 11:02:00 AM
From: Sir Francis Drake	Read Replies (5) \| Respond to of 10027

No shock really. Nothing unexpected. I'm still waiting for a test of 48 1/2. If we don't, we'll be stalled here. Today I see big blocks selling. What is not good, is that while the Nasdaq is cutting its losses, NITE is not responding by an upward move, but actually weakening. That is what was happening last time when NITE declined. NITE would hold or even climb slightly as the Naz composite declined, but when the index rose, NITE would decline. That indicates to me that the MMs are trying to hold the price to maximize selling returns. Morgan