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To: NickSE who wrote (53729)	7/29/1999 4:29:00 PM
From: pater tenebrarum	Respond to of 86076

Nick, yes they did. they didn't exactly call them undervalued, but the "i'd be buying names like..." thingy was mentioned of course. to my delight it was stressed several times over that 'there is no sense of panic' that it's 'orderly selling' , that in fact today's action was 'dull', that therefore 'the market shouldn't be shorted' and that the ECI was most likely 'a statistical aberration'. what i didn't like was yet another analyst pointing out the h&s pattern in the nutz...now everybody knows about it. btw, i have the distinct impression that the MM's are trying their best not to let the i-nuts break the neck line of said h&s...either because such would be bad for business or they're not short enough yet. hb