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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (20830)	7/22/1999 5:37:00 PM
From: GROUND ZERO™	Respond to of 99985

Technically, you can have a cycle high at a lower price than an earlier momentum high... this would indicate remarkable weakness as the cycle tops and turns downward towards the trading cycle trough... although I wonder if that's what Favors really meant, I doubt it or he would have made this very important distinction about a lower priced cycle high..... if a price high was made prior to the lower priced cycle high, the earlier high would be considered the momentum high then followed by a lower priced cycle high... this is a negative indicator for the coming cycle..... just my two cents..... GZ

To: Benkea who wrote (20830)	7/22/1999 6:05:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Benkea, Favors has caught the recent correction, it's end and the ensuing rally,as well as the current current correction almost to the day. i was amazed at the accuracy of those calls. i don't know much of his past record, except that he called last year's july top as well to the day. so i wouldn't dismiss what he says. otoh, i have noticed that Prechter made some excellent calls on various Asian markets this year and he sees a BK for the U.S. market just around the corner. he sees dow 13,000 as the absolute maximum to be achieved if the bull can get it's act together one more time, which according to him is unlikely. note that i am not necessarily endorsing the views of these gentlemen, merely presenting them for inspection. regards, hb