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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (8382)9/5/1998 7:18:00 PM
From: James Strauss  Read Replies (1) of 29382
 
Max:

Jerry Favors has been hot recently... Every couple of years some analyst catches fire... I remember when Robert Prechter was hot in the mid 80's... My last gasp support line is in the 7100 area... A break of the 7400 area should get market bookies working overtime...

With Greenspan's tone easing a bit we may see a temporary bounce in the markets... Unfortunately this rate cut should have been done about six months ago... It's just a matter of time for Recessionary pressures to take hold... The economic cycle hasn't been repealed...

Jim
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