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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (21029)	5/10/1999 12:57:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 42787

Dennis- If you had to choose between Favors or Chuck who would it be? B*

To: dennis michael patterson who wrote (21029)	5/10/1999 1:03:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Interesting. The DJIA looks like it is continuing up in rather classic form to make new highs. A low opening to bounce and move up. The DJIA and a few other indices made new highs Friday, even though it may have been a marginal high. This is the face of economic data that the bond market responded negatively to. The group that performed well was the financials which IMO is a market tell. On its daily chart, the NASDAQ looks ready for a breakout. The long bond fell back from its gains made on Friday. The door has been opened for a move up by the market. IMO follow through by the NASDAQ or lack of it will be telling. In other words, I think the market will pop to the upside before anything else happens. But since I think upside is rather limited with NASDAQ, so Jerry may see his pullback. Since this is a monthly newsletter of Jerry's, "any time now" can have a few weeks latitude. The follow through from the sell off we had earlier was not impressive. So I do agree with Helene there may be further downside to this market. The question is does this speak for the NASDAQ, or both the DJIA and NASDAQ markets? By the way, out of the two stocks that you mentioned ealier, SLB looks like the best of the two that would fit more closely to your trading style: volatility. Bob Graham