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To: epicure who wrote (51401)9/2/1998 7:10:00 PM
From: FJV  Read Replies (1) | Respond to of 58727
 
Favors called a S/T bottom at 7390 and a powerful relief rally to top out on 9/4. He may have covered his shorts, but may also be reestablishing his short positions on Friday or whenever he is satisfied that the rally has run its course. He stated that 7390 was a S/T bottom but not THE bottom, which he sees at much lower levels. He sees a heavy downturn beginning next week and continuing until the latter part of September. For the sake of my puts, I hope he is correct.

Franco



To: epicure who wrote (51401)9/2/1998 7:13:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 58727
 
Does the next post answer it? It is correct. We hot 7390 INTRADAY and then he went long. I am on line now waiting for his nightly post. It's a touch later than it usually comes. I turn on Lou Dobbs, hit the computer, and there is JF. I'll post when I have it.