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To: Nemer who wrote (45099)6/5/1998 3:43:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
amazing
that pic has magically reappeared on my profile just to let people know that Jim doesnt need Viagra...

Jerry favors talked so fast I just couldnt get it all

except we need to go one tick above the dow high or we are in trouble
To: +Chris (9690 )
From: +David J
Friday, Jun 5 1998 3:53PM ET
Reply # of 9692

Chris

Jerry called for next week to be critical to the continuation of the
bull market. He said we need to have a rally with good volume.
Wants the DOW to get above 9312 interday. If the market does not
rally and it falls below Mondays high we are in trouble in his
opinion.

The reason he says this is a formation which he says has been
recurring at market tops since 1929. Sort of a double top
formation. Here is how it goes.

The market makes a rounded top. From the bottom of the downleg
to the next market top is an average of 107 days (102-113 spread).
If the market makes a top and it fails to continue in that time frame
the market is turning bearish.

Examples were for the following dates

5/13/29 to 9/3/29 113 days market turned bearish

11/23/36 to 3/16/37 ?days market turned bearish

5/12/87 to 8/25/87 105 days market turned bearish

1/23/98 to 5/13/98 110 days market.......

If we break the 9312 interday the bull is still running and nothing to
worry about til late July-August

ht
david