Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Douglas V. Fant who wrote (27910)	8/17/1998 5:36:00 PM
From: Starlight	Read Replies (5) of 95453

I just heard Arch Crawford's predictions for the market on CNBC. (Arch uses astrology to predict market movements.) He is calling for an up-turn in commodity-related stocks starting around Aug.20-21, which would include OILS, gold and silver. He is bullish short-term for 1-3 weeks, but says that Sept. 4 could be the start of a very severe sell-off for the market that could last till late Oct. (29th or 30th). He feels that the DOW could drop 35-50% in this time frame from Sept. 4 to Oct. 30. He had predicted some time ago that a currency devaluation would occur on Aug. 17, and of course that happened today. Jerry Favors, another technician who appears weekly on CNBC (between noon and 1:00 PDT), says the DOW could go to 7390 this year. (He also uses some astrological indicators - specifically the Bradley Indicator, which Arch also uses.) Betty

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next