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

To: dennis michael patterson who wrote (21136)	7/26/1999 5:35:00 PM
From: pater tenebrarum	Respond to of 99985

Dennis, so far this year Favors' calls have been amazingly accurate. but i would expect the majority of prominent pundits to be wrong before the bull market suffers it's next significant setback. so far we have had a mild correction, no more. but betting on new highs now equals fighting the trend of interest rates,so maybe the time for the bullish pundits to be wrong is at hand. regards, hb

To: dennis michael patterson who wrote (21136)	7/26/1999 6:21:00 PM
From: donald sew	Respond to of 99985

Dennis, My short-term technicals are already very low, so it is not unreasonable to suspect that the market may not rebound until he finishes. That would fit FAVORs timing of JULY 22 and my short-term technicals would be very low by then also. I would question the short-term high near JULY 27 in light of the end of month rally/window dressing, and as you mentioned that it could be inverting. seeya