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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Bull RidaH who wrote (15542)4/5/1998 7:04:00 PM
From: bearshark  Respond to of 94695
 
David: Favors is looking for a decline into the 8600 range followed by a rebound to about 9000. He uses the same Bradley dates. I would prefer to see a larger decline such as the one you project.

Perhaps the future of the major indices will look similar to the DJT chart.



To: Bull RidaH who wrote (15542)4/5/1998 7:31:00 PM
From: Vitas  Read Replies (1) | Respond to of 94695
 
[Bradley]

One service (Astrikos) calculates the next Bradley turning point as
April 14th. Does this have any bearing on your projection?

"A check of the Bradley chart reveals not much change, with the 3/13 Dow low at 8564 (which is an inversion point relating to the most recent Bradley high on 3/14) still the key level to watch until the next turn coming April 14th. The chart continues to indicate the market trend remains bullish as long as we don't see an unexpected move below 8564 before mid April."

Thanks,

Vitas



To: Bull RidaH who wrote (15542)4/5/1998 8:50:00 PM
From: j g cordes  Read Replies (1) | Respond to of 94695
 
Hi David, your timing coincides with my own though I wouldn't stake mine being to the day as I see some sectors sinking faster while others collect residual enthusiasm and rally. Don Sew's timing is similar, he's calling for the rollover Tues/Wed. We're all sensing and seeing through our various techniques classic overconfidence, reasons to sell instantly becomming reasons to buy, topped by a hot net sector mania that begs even creative rationalization.

My question to you is do you see individual stocks or sectors leading this downward move, if so which? Thanks.

Jim