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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: sea_biscuit who wrote (1853)10/28/1997 6:05:00 PM
From: Boca_PETE  Read Replies (3) of 42834
 
Dipy:
It looks like THE GARZ's gauges may be working again based on her NBR prediction last Friday as follows"

"KANGAS: Well, you always have a fair market value, in terms of the Dow Industrial Average. Where does that stand, now?

GARZARELLI: Well, I think we're in a trading range where the up side would be about 8500, 8600. Down side, 7,000 on the Dow. That is at current interest rates. Our models, however, suggest that the long-term bond yield that's currently about 6.30, should be 5.8 percent"

She appears to have predicted the 7000 low for this correction. Now let's see if she gets the high which corresponds closely with BB's latest upside target. What do you think ?

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