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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HiSpeed who wrote (1788)	12/14/1998 10:35:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Hispeed do you find it interesting that "guru after guru" fails in his predictions?? IMHO we are due to a reversal which I am not sure will last. Second speculation is that I anticipate that Clinton will not be kicked out of office and he will in the last minute admit and deflect the votes. The market will rally only to go down again in January due to fundamentals. Just speculation and gut feeling no TA. It just makes more sense. BWDIK HAim

To: HiSpeed who wrote (1788)	12/14/1998 10:39:00 PM
From: S. Chiang	Respond to of 99985

>> "In fact if the Dow falls below 8573 intraday and then later rises back above 9459 intraday...Nevertheless we must keep our stops in place just in case we are wrong ..." hmmm...vix goin to 99? <g> << I used to be a subscriber of Favors. I guess I might be able to speak for him in this matter. In this paragraph, "8573 intraday" and "9459 intraday" do not necessarily happen in the same day. "Intraday" has its own definition in Favors' newsletter and is quite different from what our instinct understands. He just uses "intraday" high/low v.s. "print" high/low. The latter is usually what we see on the quote screen. I remember TSO thread has a series of discussions regarding these definitions a few months ago, and I don't want to repeat it here. You might be able to find the definition in Favors web site, too. jerryfavors.com SC