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To: John Doyle who wrote (55043)	11/19/1999 9:48:00 AM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

John--I said that 78-81 would be a 'normal' pullback. But what's normal at the moment? (vbg)---Retraces are usually A-B-C. We could have had A yesterday and maybe we will blip up a bit today for B----or we could have had the entire abc in one day---hard to tell ----the DJ should back and fill in here for maybe a couple of days and then I see ONE last move up to complete a 5 wave sequence--after that, it should start down in a more meaningful way.So I would be very cautious of the general mkt. wouldn't surprise me that we go lower soon and the drop lasts through much of December