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To: accountclosed who wrote (26584)	3/19/1999 7:24:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

the market is very vulnerable and the big picture into the end of July is very bearish and I see no reason why we can not go back to 7500 maybe lower, the elements of a top are just about sealed in place. whether we catch our self this coming week and then have a further advance for 8 or 9 market days is only really important if you are trading for those short-term swings. I had said on here that there was a 25% chance of a top on March 17th or a day or so before or after it, or else the next best toping time should be April 6th and the market is doing its job of keeping its options open because if we had finished up today I would have written this time window off. And I can screw up time turning points as well as the next guy anyway -g- Now we'll see what next week brings, you know I have been adding bits and pieces to my June and beyond poot collect lately. It's very significant development that we did not close above 10K and are now seen to be selling off from it as it will plan the seed in J6P and money managers alike that maybe it's time to lock in some gains. I did go ahead and add G June 55's --I think they were very reasonably priced as I can see G going to 53 or even 49, even without a BK or anything approaching it. J