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To: Dan Duchardt who wrote (11776)	11/3/1999 11:26:00 PM
From: Dan Duchardt	Respond to of 14162

I exited DIS yesterday. I wanted the cash for use elsewhere, and a healthy reserve to take advantage of a strong dip I think we could still see. Of course today would have been a better day, and maybe even more so tomorrow. Things look like they are moving in the right direction, but not with great conviction. It occurs to me that I may have been too hasty (a fault of mine I'm afraid), but I really thought if there was going to be a positive reaction to the Hong Kong news it would have been swifter and stronger. I feared the 50da ma might prove to be strong resistance, but it gapped above right at the open this morning. I see holding the gap and closing near the day high as a good sign, but I also see the 100da ma just above. If it clears that, it looks like resistance at all the whole numbers up to 30 where it will finally hit the weekly upper BB. The Nov open interest though still shows a bias toward 25. Dan