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To: wlheatmoon who wrote (53714)	7/29/1999 2:49:00 PM
From: John Pitera	Respond to of 86076

Mike, yes the -1383 on the tick was extreme enough for now, we should not see lower lows today. we hit -1300 twice on July 22, the first time around noon and the second around 12:35. that was the first Greenspan day I believe. in the Next couple of weeks if we really get the decline going, then you can see a tick go to -1600 before we see short-term lows and watch it get to -1800 maybe -2000 when we are making final intermediate term lows. also today the 5 minute premium chart started making higher highs and higher lows on the premium chart after the -1383 tick reading. so as the premium trends up that means a cooling off of selling fireworks.