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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

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4:00 PM EST

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To: dennis michael patterson who wrote (23132)	8/16/1999 5:11:00 PM
From: pater tenebrarum	Read Replies (3) of 99985

Dennis, i didn't get Favors' latest missive yet...still pondering whether i should renew the subscription. however, i know of his longer term stance and if i remember correctly he expects one more violent correction before the blow-off rally is to commence. he may well be right with his bullish stance, after all long term bull markets have ended in blow-offs throughout history, so why should this one be any different? Armstrong, Crawford, Prechter etc. seem really to work best as contrary indicators. every time they call for the end of the world new highs are just around the corner... regards, hb

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