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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (2772)	1/12/1998 1:53:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

"You pays your money, and you takes your chances." CNBC-TV this day featured award winning, market technician extraordinaire John Murphy. Mr. Murphy has placed his clients on a "bear market alert" and suggests the likely possibility that US and world markets are headed for clawing by the bear. He noted that his models show European and US bourses to be, in his words, "toppy." Mr. Murphy is no fool, and I have always appreciated his insights. Meanwhile, Byron Wien of Morgan Stanley today advises that the market may suffer a further decline down to 10 to 15 percent from its recorded highs, though, noting increasingly favorable valuation models, Mr. Wien told CNBC-TV that he is buying selectively at these levels.