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To: accountclosed who wrote (20723)2/21/1999 8:01:00 PM
From: yard_man  Read Replies (1) | Respond to of 86076
 
Squid wasted my post. I'll make it short. Favors has been terribly wrong on the short to intermediate calls that he has made however you read him. You don't need a Bradley indicator or a cycle to know we are headed for a bear market this year.

Did I think we were going to have one last year? Yes, I did, but I am convinced there is nothing that can prevent a real one now. All the technical weenies agree we go up and hard from here ... anything is possible, but I am personally discounting their predictions ...

We've climbed the wall of a 1000 worries ... volatility in the NAZ like we've seen the last couple of weeks is not a sign of strength .



To: accountclosed who wrote (20723)2/21/1999 8:50:00 PM
From: John Pitera  Read Replies (2) | Respond to of 86076
 
AR, great heads-up on the Favor article...I think he is probably right
about the market going up into 4/6--4/9. So it can lighten the
accounts of the poot holders... If this market is making a new high
by Tues-Wed- that is going to be my operative strategy.

The technicals say the market ought to have a big leg down...but prob.
not yet.


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