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To: Guardian who wrote (20094)	6/4/1999 10:16:00 AM
From: Steeny	Respond to of 41369

I kind of see the H & S. Look, I think the market is trading 70% on interest rate and high p/e fears. The rest is profittaking. Holding us up are bottom scavengers and short-covers. I have not heard of a very credible report saying that big funds are buying yet(I know some small funds are). I see support for the NASD composite at just above 2300(3/23, 4/19 lows), then 2250(3/16 & 3/02), then 2168(dense zone from late DEC), below vulnerable to 2000. NASD is so steep that it is nowhere near a realistic trendline(now around 1680). We are just under the 100dma, and around 100 above the 200 dma(might be a good bottom).