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To: accountclosed who wrote (44438)	6/2/1999 11:48:00 AM
From: NickSE	Respond to of 86076

I'd have to agree with Jorj. The current trend points downward and the upcoming weeks should prove prosperous for holders of pooots and shorts if chosen correctly. The two short term market P&F indicators, 10wk MA and Hi-Lo have reversed a few weeks ago down through the 70% level which always sends up the red flags. The 10wk-MA reversed from 76% to 47.6% and the Hi-Lo from 80% to 61.4%. The main P&F indicator (NYSE Bullish Percent) is on the verge of reversing at 53.1% down from 58% with 52% required for the reversal. jorj says it is looking ugly from the piffer point of view Regards, Nick