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To: donald sew who wrote (47651)	7/12/1998 5:49:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

Hey here is the one and only Ted David from CNBC letting people know what is up with Jerry Favors I swear I can actually hear him saying these words +Bobby Yellin (14410 ) From: +Ted David Sunday, Jul 12 1998 6:53AM ET Reply # of 14419 Jerry favors talked about critical support at 8659....if we take that out, he says, Bull market is over. Conversely, to the upside, if we take out 9211, the all-time CLOSING high and then take out INTRA-DAY high of 9302 (I believe that was it...could be off by a few points) then Bull lives and we will see new highs this year. I believe from a date standpoint, he said July 24 +/- two days will be key using that Bradley chart. This is off the top of my head...listening to him and 4 other people in my ear at the same time Friday. I think I have numbers right. Regards, Ted David ---- he also likes to post here exchange2000.com

To: donald sew who wrote (47651)	7/12/1998 7:24:00 PM
From: Nancy	Respond to of 58727

don, for what is worth, i know of friends who only invest in mutual funds also use TA to time the market, i.e. they went 100% cash in the period april 21-27 and then jumped back in in the period 06/16-22 and remain in. these people will not hestate a minute when their TA tells them it is time to pull out. lots of money just slushing around instead of new money constantly coming in. the most favorite vehicles they use to go in and out are the index funds, such as rydex nova (spx) and rydex otc (ndx), as well as profund's otc because these can be freely traded at several discount brokerage houses with minimal transaction fees.

To: donald sew who wrote (47651)	7/13/1998 9:57:00 AM
From: John Lacelle	Respond to of 58727

donald, Good analysis. They were talking about the fund inflows on CNBC this am. I think that this is the only thing holding this market together. Interestingly, they pointed out that we are back to a "nifty 50" situation with the S&P 500. The top 50 biggest companies of the index were responsible for the 20% return...the smaller 450 companies were laggards. The smallcaps have been dogmeat this year. I tell ya, I hate being outside the mainstream. All I hold right now are small caps. Uggggg!!! -John