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To: MythMan who wrote (7514)	7/31/2000 5:11:38 PM
From: bill meehan	Read Replies (1) \| Respond to of 436258

I did but changed directions after last Monday, especially regarding tech sector. I had thought the Naz upside was limited to only about 4500-4600 through earnings season but sentiment and proprietary indicators showed it wasn't prudent to squeeze the lemon. Since I had expected a rate hike on the 22nd, the stronger than expected data also made it easier to get bearish again. Still have some longs mostly in value stocks and there are some opportunities, but the small number of stocks that kept the indices afloat look vulnerable again.