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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (13372)12/15/2001 1:59:00 AM
From: gfs_1999  Read Replies (1) of 99280
 
Zeev very interesting your forecast, here you have Jerry Favors analysis (December Newsletter)

THE BRADLEY INDICATOR
As discussed in our November issue, the Bradley Indicator calls for a low near
December 4, and then a major rally into April 2002. So far the Dow has reached a low of
9651 intraday on December 3, and has rallied 569 points to an intraday high of 10220 on
December 6. We believe there is a strong probability of a further rise into April of next
year, and probably beyond. However, several of our Gann indicators suggest a decline
back down near or just below 9629 intraday sometime later this month is possible. This
would not in any way alter our bullish position for next year.

THE NASDAQ
We are still bullish on the Nasdaq into next year. We stated that the rally in the Nasdaq
in this time frame would be even stronger on a percentage basis than the rally in the Dow,
and that has certainly been the case. We believe the Nasdaq is vulnerable to a correction
which carries it back below 1899 later this month, but that should represent a buying
opportunity.

Regards and congratulations for your work. I allways like
to read your felling about market direction. I'm posting some Jerry updates at LG message board.

GFS
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