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At 10:33 AM 4/7/98 +1000, David Hunt wrote:
>Hi Tim & Lynn,
>
>You can buy this book through Traders Press. www.traderspress.com.
>I just got a flier in the mail.
>
>BTW. Why all the unsubsribes? I think it may be to do with the dullness
>of the list.
>Let's try make it a bit more interesting. C'mon people we need some
>CONTROVERSY.
>
>My 1998 forecast (done in January this year based on WD Gann's Mass
>Pressure Chart) for the Dow called for a big rally starting April and going
>into November. If this is the case is this only the beginning.
>of the bull run. LOOK OUT Ralph Acampura may be proved right earlier than
>he thinks. So many wrote him off last year in July when he stated Dow
>10,000.
>
>David Hunt
>http://adest.com.au
>
>
>----------
>| From: Tim and Lynn Lee <Timothy.H.Lee-1@xxxxxxxxxx>
>| To: 'realtraders@xxxxxxxxxxxxxx'
>| Subject: Marty Schwartz:"Pit Bull"
>| Date: Monday, April 06, 1998 8:53 PM
>|
>| Marty Schwartz, perhaps the best SP trader ever has a new book out called
>"Pit Bull", anyone know where it can be purchased?
>|
Marty, Tim, Lynn and all:
It was Ralph who did forecast DJIA of 10,000 and then rescinded it,
only to re-instate his original forecast. Who can believe him?
Now we have had, according to Barron's, a story arguing that the market
average P/E twice what we have now could be fairly valude. I am looking
for the source: 2 scholars were featured in a recent article i the
*Wall Street Journal* and who else can we trust?
Another source supported a 49.9% increase in the DOW.
All right (let's call this the "most outrageous forecast forum."\\
I then have to say DJIA will touch 11,200 in the year 1998.
This is against the background of some who think it is worth less
than 6000 and others who forecast 15,000 in two years.
Cookie jars are beginning to be broken. The Louis Rukeyser panel voted
+6 for the next quarter to be UP 10%. They get the credit for my
being totally out of the market in October 1987 (they voted a minus 5
in May 1987). But even if they are right, I am worried about the level
of personal use of credit. Are we seeing great amounts of mony being
invested that should be used to pay down credit cards? Where else can
we look for a sign that the great crowd of lemmings are turning toward
the cliff?
I don't see it still. Last month another $24 billion went into stock
mutual funds. Next we will see that that mony will switch from buying
blue chips to whatever they can find.
PeteNa
petena9090@xxxxxxxxxxxxxx
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