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To: Terry Whitman who wrote (41511)	5/18/1999 12:40:00 PM
From: John Pitera	Respond to of 86076

METG has been very strong, just blew through its 50 dma. Jdec has been strong as well. A rule of thumb that is often in effect is that when stocks decline with the rapidity that METG has it will have a sell off once it's doubled from it's low, as a lot of traders say he it's doubled I'm taking something off the table. METG hit 8 but their was very little volume done under 9. So maybe we get a correction of METG's advance somewhere between 16 and 18. I know last night when we had a meeting we had said that at 18 it was probably time to do some profit taking if it gets there. It's still not too rich based on a trailing PE -22.2 and price to sales - 2.4 basis. the Xau is scary -ng- the grains, the energy complex, copper, gold are all under assault, there was a big break down in wheat today and the other grains are in poor shape.