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To: ViperChick Secret Agent 006.9 who wrote (50499)	8/22/1998 8:40:00 PM
From: dennis michael patterson	Respond to of 58727

Lisa: I get Favors' email every night. No one is short (that is, he has not put any clients short yet). The dow came close to his level to go short but did not hit the number (I cannot recall the number now). He is not sure whether the secondary rally has run its course, and cannot be sure until the dow breaks 8263 intraday. Again, he has not gone short. And I will post when he does. Promise.

To: ViperChick Secret Agent 006.9 who wrote (50499)	8/22/1998 9:16:00 PM
From: AlanH	Respond to of 58727

Lisa (and Dennis) -- re:Favors In fact, there is some discrepancy b/t CNBC and Favors' hotline. Hence, the prior post: siliconinvestor.com On Friday (8/21), Favors' 2:15 hotline report (900/820-2727) included a blurb that he was 50% short, waiting for a break of 8316 to go 100% short. The 8263 figure is "critical support," and so far as I can tell isn't the trigger. Dennis, if you are receiving conflicting information via e-mail, please advise. Thanks. Regards, Alan

To: ViperChick Secret Agent 006.9 who wrote (50499)	8/22/1998 11:14:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ----------------------- Am sticking to my previous position that the top will arrive around THUR of next week, if it hasnt already done so. After Thur, the market should head down further. Right now my short-term technicals are smack in the middle and pointing down. As stated many times, whenever the technicals get in the mid-range, the market can go either way. The fact that all the support lines above 8317 and below 8750 were broken with ease, is not a good sign. Granted that the DOW rebounded 200 points intraday, but that does not change the mathematical calculations of the technicals - they are still pointing down. We could still get an upswing early next week, but by THUR such will be over. The next resistance lines are at 8585, 8700, 8750, 8850, 9041. For the time being, unless something changes, I believe that 8750 will be the highest the market will go to before reversing again, and quite possible that 8585 or 8700 could also hold. There is, of course, the chance that we could continue down right from here. Lets just say that on a technical basis, Fridays performance was still more negative than positive, even in light of the 200 point rebound. PUTS should be initiated this week, and best befor THUR. Seeya