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To: Richard Humphrey who wrote (31323)	4/7/1999 1:49:00 PM
From: John Hunt	Respond to of 116786

<< How much money is being dumped into the 5000 mutual funds per month? >> Fiendbear has pretty good mutual fund data about 3/4 of the way down his daily page fiendbear.com Hi Richard, Mutual fund flow has been declining for some time ... From what I read, the market is being held up by foreign buying and corporations buying back their own stock. I have also read that 50% of Microsoft's profits are from sale of puts on its own stock, and this is true of several other large technology stocks. As far as the reduced spread, I think it signifies that there is no longer any sense of direction and that a change may be imminent, but I will leave it to someone else to expand on this and maybe indicate how accurate an indicator it is. Certainly if the close = the open, that is a dogi in candlesticks and indicates indecision. John