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To: Ilaine who wrote (54188)	8/1/1999 10:21:00 PM
From: pater tenebrarum	Respond to of 86076

CB, from an elliot wave count perspective i would argue that the nutz have entered a bear market that is far from over. a technical bounce is probably in the cards soon, if the overall market doesn't continue to tank. as long as the nutz remain above the 50% retracement level there is an outside chance that their longer term bull trend revives, but i don't see anything in their charts that looks encouraging. the negative sentiment and the recent rise in short positions may serve as support in the near term though. hb