Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 465.93

+3.3%

Jan 23 9:30 AM EST

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To: Susan G who wrote (22258)	8/8/2002 3:23:48 PM
From: mansan	Read Replies (2) of 26752

Any want to be long, just be careful. I have this quote from Jerry. Jerry Favors Analysis - Wednesday, August 7, 2002. "The market began the most recent rally phase up on Monday of this week, and despite the fairly wild gyrations we have seen to this point, there is no signal, as yet, that this week's rally has peaked. So far, the rally which began off the July 24 lows peaked at 8762 on a print basis and 8806 intraday on July 30. While we believe the current rise can still go somewhat higher tomorrow, we believe it is unlikely the 8806 intraday high of July 30 will be significantly exceeded, before we turn down again more strongly."

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