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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (459)	8/7/1999 3:09:00 PM
From: HairBall	Read Replies (1) \| Respond to of 19219

Jon K: I am actually very impressed ..... that was a gutsy and courageous call for a CRASH next week, which I think is VERY difficult thing to time and call. I have been lurking this thread to see if it is offering anything more than the MDA thread. I just have to say, that the MDA thread is more balanced than just "bearish" posters. The bearish posters are more animated. (post more) Considering the lofty heights of this Market, those that look to historical norms would be more inclined to expect more downside from these levels. However, few if any on the MDA thread have called for a crash. Most of the contributors on the MDA thread, just try to be on the right side of the move. I would say if you are looking for "crash" calls, the BK thread is the place to be as the "host" of that thread has called for a CRASH almost every two weeks since May of this year. Regarding the call you mentioned above (posted below), it encompasses not just next week, but eight weeks approximately 1/12th of a year. That is a pretty wide window, considering the current state of the Market! Reference: CRASH ALERT ISSUED FOR NEXT WEEK AND LASTING THRU SEPTEMBER Regards, LG

To: Jon K. who wrote (459)	8/8/1999 12:25:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Jon, My definition of a crash is this: We are going to hit our first 10% down circuit breaker on the DOW, if it reopens that same day we may get a bounce and finish down 8% for the day. It will still rank #1 in terms of the largest single day drop in the DOW which is currently 554 points (-7.19%) on Oct 27, 1997. By the time this downdraft ends, the DOW could hit an interday low of 8,300 and SPX 1,005 and NDX 1,725 before the nice bounce commences. I reserve the right to change these parameters. But these are the numbers I have targeted. Best, J.T.