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To: Patricia L. Scott who wrote (56435)	10/26/1998 9:23:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

< Lisa, my dear, it appears that cooking isn't your forte.>>> not my forte???? ROFLMAOSHIH..pattye it isnt even passable...well unless it comes out of a box...or is greek or turkish food...those are passable..but that is about it...i have a friend come over and cook for me when i want really great greek food..which is AT LEAST once a week... love that filo dough more favors subscribers confused about that print and theoretical thing To: +dennis michael patterson (17007 ) From: +dennis michael patterson Monday, Oct 26 1998 6:19PM ET Reply # of 17023 Favors for tonight. Jerry Favors Analysis - Monday, Oct. 26, 1998 8 p.m. The Dow at the lows this morning was down as much as 44 points. We then turned up and at the highs the Dow was up as much as 68 points . We closed down 20.0. While the Dow closed down today the Nasdaq closed up 31.10, the equivalent of a 154 points closing rally in the Dow. The NYSE cash index was up fractionally. The S&P 500 cash was up 1.65 and the Dec. S&P futures were up 6.40 at the close,a fairly strong rally.The breadth at the close showed over 400 more advances than declines. So with the exception of the Transports,the real weakness today was in the Dow. Most stocks performed better than the Dow today. That is technically a short term positive here. We have stated that we looked for a short term high near Oct. 22 plus or minus 1 day and a short term low near October 28 plus or minus 2 days. The Dow reached its closing high so far of 8533.14 exactly on October 22. Since then the Dow has been pulling back.The Bradley and our Cycles call for a low near October 28 plus or minus a day or two so we should be close in terms of time. If the Dow falls below 8388 on a print basis and 8321 intraday then we believe lower prices will come in this week before the bottom. But it would not alter our position that we should see some sort of short term low this week. We are already into the time frame when some sort of low is due, that is October 28 plus or minus 2 days. We believe the low due this week will be followed by a rally above 8653 on a print basis. Projections still call for 8801 plus or minus 140 points intraday. We belive the Dow will rally up into that area intraday once this week's low is in. After that rally the Dow should begin a stronger correction short term.Again we would look for a decline of 300 points or more below whatever print high above 8653 we might see this week. However that decline should be followed be another rally to higher highs, especially after we enter the November 6 plus or minus 1 day time frame when another short term low is due. Any rally above 8522 on a print basis in the Dow tomorrow will signal higher prices short term. Any rally above 1090 in the Dec. S&P futures will signal a probable rally above 8521 in the Dow. Short term traders went long today on the rally above 8506. We want you to use a stop now of 8388 on a print basis in the Dow. If we are stoppped out we will give you instructions on where to return to the long side, as we do expect higher prices before this rally peaks. In fact we have a new projection calling for a minimum of 8773 intraday in the Dow. We received a few faxes today stating that the intraday high for last week was 8652, not 8713 as we reported. We have a large number of new subscribers who may not fully understand the terminology we use. There is a difference between the print highs and lows for the Dow each day and the intraday highs and lows. The print high for last week was 8652.86,but that is not the same thing as the intraday, or the so called "theoretical" high for last week. The intraday high for last week was 8713.62, seen on October 20. Check with Barrons or some other financial periodical to confirm the actual intraday high for last week if you are concerned with precision. Our bottom line here is that even if the Dow declines sharply tomorrow we still look for higher prices to follow any correction in this time frame. But if 8388 on a print basis and 8321 intraday are broken that decline could be significantly sharper before the low due this week is in.