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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Jan Robert Wolansky who wrote (16904)	10/23/1998 9:53:00 PM
From: B.REVERE	Read Replies (2) of 42787

JRW--Saw Favors on CNBS today. Said that he thinks we go down in the short term next week.(didn't mention numbers). Thinks a retracement to 9000 on dow is possible. If it broke through new highs(9347?), would re-evaluate his position. Sees this retracement occurring from now up until Nov.25. The up cycle could also end before Nov. 25th. Did not seem to be as positive about a severe down turn as he had on previous appearances. Seemed to be hedging on all calls, one way or another. I think this market has him being indecisive from his recent bearish stance. But I can't blame him. The fed has lent a lot of support to a market backdrop of negative year over year earnings for this quarter, an imploding world economy and no prospect for better earnings in the next year. Allowing the big players to exit their positions on this "rally" on the backs of the small ones via media manipulation of the truth will cause the public to back away from equities once the dust has settled. Rumors abound that the fed illegally purchased option futures to turn the markets on a number of critical dow "support" days. This notion that the dow held their support four times is total bullshit. The market doesn't turn on a dime with no news out. Those that have the power to expose the truth on what really happened those days are probably already bought and paid for with taxpayers money. Our leaders have no right to tell foreign countries about how to control their financial markets. This market's kettle is as black as it gets. Later, BR

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