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Non-Tech : Elaine Garzarelli
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To: Paul Moerman who wrote (115)11/30/1996 3:37:00 PM
From: Zeev Hed   of 292
 
Paul: I am quite surprised that her indicators have not turned. In her model the long term interest rate has a major impact. The 30 years treasuries are almost a full point below the spot they were at last July when she gave her signal. Today the rate is 6.36 and then it was 7.14. I think she is hoping that the rate will climb back up and vidicate her. However, she is not sticking to her own game plan due to simple vanity (she does not have a lexicon that contains the sentence "I was wrong", or I erred, Sorry). She is going to join Granville and Pretcher who after a wrong call, sticked with their original prediction when the market went against them, keeping their investors out of the market for much too long. She should follow Crawford's example, which when proven wrong, say, I was wrong, this thing fooled me, but please climb back on board.

Zeev
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