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To: Bill Harmond who wrote (46954)	3/23/1999 2:15:00 PM
From: Mark Fowler	Respond to of 164684

Dell will hold up good on the 21 EMA. "If Federal National Mortgage (FNM—68 1/4 is rated 'STRONG BUY' by Prudential Securities Research) fails to hold above its critical support at 67, then it will not only weaken but will be a signal that interest rates could move higher. See our comments below for the direction of the yield on the 30 Year Treasuries. Expect more of the same choppy activity as the Dow meanders around the 10,000 level. Unfortunately, the leadership is expected to remain very narrow as the negative breadth problem continues. We can not defend the poor performance of so many individual stocks but we are saying that this negative divergence need not result in a major sell off for the DJIA. We feel comfortable in saying that the Dow's support in the 9000/9100 area is very strong as the support of 1200 is formidable for the S&P 500. Dow Jones Industrial Average Primary Support 9647.96 (1/08/99) Secondary Support 9063.26 (01/25/99) Primary Resistance None