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To: Joseph G. who wrote (5567)	9/10/1998 12:48:00 PM
From: HH	Read Replies (2) \| Respond to of 86076

what do you think is going on here? a. signal of economic rebound b. signal of industry consolidation in the works c. Iraq flak d. money looking for a home e. bottom feeders at work tscn.com the thing that has me concerned is the possible implications that the market is not going to BK. I am position neutral so I'm not grinding axes. But i cant ignore this sign of strength. All help will be appreciated. HH

To: Joseph G. who wrote (5567)	9/10/1998 1:04:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 86076

IMHO, you're splitting hairs with the numbers, and we are sitting on support, not below it. We tested the ~975 area 4 times: 10/97, 12/97, 1/98, and 1/98 before breaking through on the 5th try. We traded below it twice recently, but both times immediately rallied sharply. The fact that we had our 2 best rallies of this bear market after dipping below this level defines it as support, IMHO. Don't get me wrong. I think we've been chewing away at this support, and will break it shortly. I think you're right about ~870, and if we violate that intraday (Monday perhaps) I might do some dipstering. Tom