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To: DavidG who wrote (27818)	2/5/1998 11:43:00 AM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 53903

David & Larry, 40 13/16 was my estimate of the 50% retracement from the previous long-term top (60 1/16) to long-term bottom (21 5/8). I guess looking at the charts, the 38 13/16-15/16 area is setting up to look like a top, backing off from intermediate-term upside resistance. Frankly, I thought the usual suspects would try to put more pressure on the MUNH's. Right now, my forecast for the peak is looking 2 pts. wrong and 1 day early. We'll see if it was just the sell programs or if the sewer rats got it to where they wanted it and are now scurrying out. Good trading, Tom