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To: pater tenebrarum who wrote (54047)	7/30/1999 7:51:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

It's a tough business for the market when the brokerage firm upgrades can not get stocks back in gear on the upside. I see that MRK, PFE and sgp, all underneath their 40 wk ma , rallied back to touch it from the underneath and are all going back down again. Not real impressive action. Yep, and a mere four weeks after several WS analysts downgraded INTC in the 55 region, they fall over each other touting it. a propos touting: i don't know how many 'strong buys' were issued on the drugs in recent months, but today yet another one came from Merril. strangely it hasn't helped the drug stocks much which keep on merrily collapsing.