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To: Terry Whitman who wrote (34198)	4/16/1999 3:46:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Interesting comments from Bob Bronson--- this rotational test of previous highs by cyclicals is EXACTLY what we have been looking for to complete the stock markets major top for a broad-based 3000+ point decline this spring, summer and bottom into the fall - now the cyclicals are as overbought to their fundamentals as the growth stocks have been to theirs. About ten weeks ago, when the DJIA was 1300 points lower, I warned against premature short term bearishness and suggested that the best positioning for covering longs and selling was into strength. Last week I posted what we were looking for to setup the final large-cap top, although it's Supercycle bear market period started 7/21/98 when money market funds started their "sustainable" outperformance. Those final things are nearly completed as I will post soon. Bob Bronson Bronson Capital Markets Research bob@bronsons.com