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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Thean who wrote (7221)	2/9/1999 1:33:00 PM
From: The Ox	Respond to of 14427

I think we are seeing an organized correction (manipulation). As I read the press releases, I don't see any difference in today's comments as compared to those from the last few weeks. It looks to me like the big brokerage houses have decided to do some dumping and slow the tech run. It looks like a coordinated effort to move people out of techs and into cyclicals. As long as they are intent on forcing a sector rotation, I would suggest getting out of the way. Trading on TA, looking for smaller bounces up and larger drops when stocks cross support/resistance lines is my suggestion. I am on the sidelines with most of my trading capital. Watching the bond market for more clues. Volume on MMCN picking up in the 13 3/8s - 13 5/8s range. The early volume was all on the sell side. A couple of big blocks have been moved at this level. Interesting... Thean, agree with your comments on GALTF, although I think buying in the 18 range is a good idea if you can watch it carefully. jmo,Michael