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

To: StockOperator who wrote (11908)	4/23/1999 4:13:00 PM
From: HairBall	Respond to of 99985

StockOperator: You and I agree a lot more than we disagree...<g> Yes, this Market will have many looking over the charts, facts and figures this weekend...and that includes me...Good trading! Regards, LG

To: StockOperator who wrote (11908)	4/23/1999 4:13:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

SO, I also heard the tail end of Favors. I think he said that he told his investors that a corction was due, but he was wrong. He expects a down turn next week but not much. Would maybe get back in next week. He said that maybe he gave his investors a wrong call (about the corrction), but he had to call it like he saw it. Think that's what he said <g>

To: StockOperator who wrote (11908)	4/23/1999 4:58:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

SO and all, did anybody catch what jerry favors said in detail? i was too busy closing out positions and didn't pay attention. i always like to know what he thinks. btw, another little danger sign reared it's head : richard cripps of legg mason was praising the broadening of the market and declared himself 'not particularly worried'.they had to push him into mentioning interest rates as a potential pitfall. well, that worries me, remember, in one of my earliest posts on this thread i warned that an improvement in the a/d-line would induce complacency among analysts, and he's now the forth or fifth guy i hear saying this. another warning was mailed to me by MWD, the headline on their latest missive to customers was entitled 'our commitment to equities is increased'. last month it said 'near term uncertainty'. their chief strategist p.canelo has increased equity allocation to 70% from 60%. he was one of the guys calling for a 10-20% correction at dow 9200, right before the market started to take off. mind you i'm not in panic mode, but i said i would point out what i regard to be early danger signs and their frequency has slightly increased of late. regards, hb