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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (20694)	5/4/1999 12:11:00 AM
From: Fred	Read Replies (1) \| Respond to of 68077

I watch CNBC once in a while and I happened to catch a segment with Jerry Favors. He publishes a newsletter with market forecasts based on TA. I first saw him at the beginning on March and he had several predictions (market up this date, market down that date, etc.) spanning March into early April. All his predictions came true plus or minus a day or 2. Well, he predicted the market would be "down drastically" on or about April 9 (may have been the 16th) and the following day everything tanked except the DOW. Last I heard he is still waiting for the DOW to confirm the top but that doesn't seem like it'll happen anytime soon. I kind of wish I hadn't seen the segment because I've been trading too cautious these last 2 weeks and have missed out on some good gains by selling too soon. Has anyone heard of him?