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Technology Stocks : Intel Corporation (INTC)
INTC 44.06-3.2%Jan 12 3:59 PM EST

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To: Jorge who wrote (12230)2/23/1997 10:40:00 PM
From: jack c rains   of 186894
 
All: A note from Arch this afternoon indicating relationship between stocks and bonds - especially just how long ago that bonds topped out. Additionally, he bet $100 against all takers on Prodigy that he would be right tomorrow about markets going down. At least he does not mince words and backs up what he says. Could he be wrong? Sure!
But, I'm not betting him. Later this evening with major note. Still scanning the BBs for psychology - and I can say that they are still heavily on the bullish side at this time. Good trading. Jack


From: ARCH CRAWFORD

Time: 02/23 3:08 P

The configuration last week MAY have been enough to turn the
FOREX markets. I want to see more tech proof before I pull
the plug on the $ as it (and they) more frequently turn on
or near (+/- 3 days) ECLIPSES!

BONDS usually peak 4-9 months before stocks. Remember, they
topped out Jan 4 A YEAR AGO! The December high was a failure
and last week makes TWO LOWER HIGHS. Highly dangerous for
STOCKS AND BONDS.
Arch
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