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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (17593)	11/9/1998 7:50:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

Favors: is he kidding? Jerry Favors Analysis Monday November 9 8 pm At the lows today the Dow was down as much as 129 points. The Dow then bounced back to close down 77.50. It has been our position that the Dow should see some sort of short term high in this time frame and then begin some sort of decline. The Dow reached a high of 8985.50 today but closed down 77.50 at 8897.96. Our basic position remains unchanged.We could allow for some further rally very short term but that rally would be very short lived,and followed by a severe decline in stock prices.That remains our position from here.Any further rally above 8990.91 will prove short lived and will be followed by a declined to new lows. For now any rally above 8898 on a print basis Tuesday morning will signal some further bounce or rally attempt. However if that rally fails and the Dow falla back below 8845 on a print basis a repeat Sell Signal will be given,calling for lower prices at least short term. Any decline below 8845 on a print basis tomorrow will signal lower prices.If the Dec S&P futures falls below 1127.50 look for the Dow to fall below 8845 on a print basis. For now we want subscribers to remain flat until we give you a signal to turn either the short or long. If we had to choose right now we would want you to remain short. But there is just not enough evidence that a final top is in. We will give you more specific instructions once we see tomorrow's action. No changes on Bonds or Gold.

To: Judy who wrote (17593)	11/9/1998 7:55:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

Judy. I am beginning to think that Ibexx has the best system around. I've thought this for some time. I like trading but, frankly, I prefer writing books. Ibexx buys for the LT and trades options occasionally and buys the big stocks on dips. For all the time I put into trading, etc., I would do just as well to buy Dell at 45, CSCO at 45, MSFT at 85, etc. Favors got me ut at the top but he missed the bottom big time. In fact, I have made far more money by NOT following his advice. I consistently move before he does both going in and getting out. He is a lousy trader. Part of the problem is that to make money timing, you have to be right BOTH ways. He was wrong on the bottom. He posts tonight we will see new lows. This is bullshit, for now. We may see new lows next year, but this thing has MO and legs. As between Favors and RA, RA is the better of the two.