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To: James Strauss who wrote (56800)	11/1/1998 1:29:00 AM
From: Stephen	Read Replies (1) \| Respond to of 58727

Jim - thanks thats interesting. I should point out that although I think this rally is false, it doesn't stop me from being long. However, the market is overbought and due a pullback so I am back in cash. I am also careful because although Favors and Don have changed their mind about the potential timing of any big move down, should this rally be a TA anomoly, the big fall is imminent per previous TA.... and the Bradley indicator. So .... the question then is .... if we turn downwards ... do we buy the dip or is that too big a chance to take .... ???. We will all make up our own mind. But it seems to me that if one takes the Bradley indicator (for instance) seriously, then there may well be some real bad news about to hit. Anyway ... its all food for thought .... maybe Saddam will do something real dumb ..... As the saying goes ... better to be lucky than smart ...!! Good luck all Stephen