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To: wlheatmoon who wrote (58920)	8/26/1999 10:32:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Mike, I saw GZ's posts, and I did not like the price action today. We did not really get past the .618 retracements of the 7/19-8/10 decline on the nasd and spx. the djta is horrible, the a/d line is really bad. We had a classic situation of a new high in the dow unaccompanied by any other average. I will be selling all of the recent purchases of the past 2 weeks. Not sure about the asian stocks yet.....I believe they stay. I was thinking how this is the anniversary date of the Harmonic high of the dow in 1987, (AUg 26th) steve Puetz research is still out there and today the Elliot wave pattern tipped over into looking for a steep decline from here. imo John