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To: Lizzie Tudor who wrote (53867)	7/30/1999 1:36:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 86076

Michelle, as i posted, ralph was bullish and calling for dow 10,000 in mid to late july and turned bearish in very early August, just before the big decline into August 4th that triggered the Dow Theory sell signal, at the time he was maligned by the financial press for flipping so quickly and was even blamed for the decline, however at that time he was quite correct. I remember the year end 97 rukeyeser show, he picked mostly shorts for his yearly picks, that was within two weeks of the 9 month cycle bottom, last fall within a few days of the bottom in october he issued a dow 6600 target, In May from the MTA meeting in Manhatan beach on May 12th he gave bunch of bullish interviews. This little report may simplify his work, but he seems to be a contrary indicator on many occasions, i believe his recent issue was that the correction was over and the Dow is headed to 12 or 14,000 or something. bb