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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (13341)3/15/1998 2:28:00 PM
From: Hank  Read Replies (1) | Respond to of 79262
 
Doug,

I really should have said MM, not MM's. Apparently FAHN is betting on a decline and this may explain why they have shorted RADAF so heavily. They are predicting a decline that will last 2 or 3 months based on an Elliot Wave analysis from what I can gather. I honestly don't know if other MM's have bought into this. I do think we are poised for a modest correction but I don't see anything that suggests a prolonged decline either. I just wondered how you saw things.

Hank