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

To: stockycd who wrote (6820)	2/22/1999 6:54:00 AM
From: donald sew	Respond to of 99985

Stockycd, >>>>>> I think Favors said a top around April 8 also. That would correspond with a 9 month cycle top which is expected on (or around) that date <<<<<< Yes he also did mention the April top. The basic rule is that in a bull market the main top arrives around the 6th month of the 9 month cycle which would be APRIL 8, but if it is a BEAR market the main top arrives around the 3rd month which would be JAN 8. Interesting how the DOW hit its peak so far at 9650 on JAN 8. Subjectively, I think that Jerry is a bit nervous since he missed most of the runup since OCT, so he is less bearish with his shorter-term projections. I still dont understand his maximum projection of 11,0000 by April 8. 10,000 is a possibility since if I calculated it correctly that would mean that each of the 30 DOW stocks would have to gain 8-10 points which is possible. I dont think its likely but it is possible. On the negative side, I mentioned about a week ago that I thought the S&P would be trading with a P/E back in the 15-20 range within 5 years, and it was interesting that JERRY is staying that the possible following BEAR market could last 5 years based on 1/3rd of time the BULL market lasted. seeya