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


To: ViperChick Secret Agent 006.9 who wrote (17820)5/1/1998 11:49:00 PM
From: Vitas  Read Replies (1) | Respond to of 94695
 
I don't know for a fact, but he usually refers to the Dow itself,
but the theoretical Dow, not the actual Dow. I'm thinking the New York composite would be the one to watch, because its harder to play games with.

Vitas



To: ViperChick Secret Agent 006.9 who wrote (17820)5/2/1998 6:45:00 AM
From: dennis michael patterson  Respond to of 94695
 
Lisa: thanks for the tip on where to find Favors. I saw the interview with him, and I plan to read him and possibly subscribe. He seemed quite good. Thanks again.
dmp



To: ViperChick Secret Agent 006.9 who wrote (17820)5/2/1998 12:18:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 94695
 
Lisa,
From the Favor's comments:
Dow target 9445 +/- 200 points intraday.
If it hits 9288 intraday soon he would revise target to 9500-9600.
But he is very focused about watching for divergences (like me!)such as the a/d line and new highs/lows,transports etc...
IMHO,if this market can't continue on all six cylinders look out...and that's what he hinted at to know the true strength of this bull.
He mentioned selling on May 15.Isn't that the pits with expiry on May 16!!!!!!:( AND cnbc asked him back in two weeks.
Thanks again to you and Billy for keeping me out of trouble with puts.
Regards,
Barbara