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To: chichi who wrote (6380)	12/8/1998 2:31:00 AM
From: William Epstein	Respond to of 7841

Chichi, Flan; OK, for the sake of delicate sensibilities let me amend my comments about specialists, with regard to moving averages and I will say the 180 day moving average crossed all the bottom support levels which was formed and created by institutional buying. The 120 day moving average, likewise. I really don't care how they were created or by whom. What I do care about is that they are significant and important indicators. They do indicate this particular, stock's long term direction. Anytime this stock crosses one of these lines its significant. Anyone who fails to recognize it does so, at his own peril. My posts really weren't about the specialist but about the SMAs and their importance to understanding present and future direction and how they define the trading parameters when the stock is behaving normally (long term). I am still sure that exchange insiders are aware of their importance too and since I do not have empirical evidence to make a connection to specialists I will limit my commentaries to just that, these two averages. Is that satisfactory? Everybody, happy? PHOTOMAN