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I did see Favors and his comments very generally were:
1. he felt the market had established a confirmed top, much as predicted;
2. the market's chart using the Bradley indicator VERY closely follows the
1987 chart.
3. he expects a rally next week, possibly a strong one;
4. then the market should go into a protracted decline, hitting at least
7300.
Then will of course be rallies which he would see as short
opportunities;
5. he views 8524 as critical support
6. Favors will be bullish only if the market makes a new high, with
confirmation from
the transports, a healthy AD line, and a healthy broader market. Not the
kind of
narrow runup we have seen in the last few weeks/months.
khanitha wrote:
> realtraders,
>
> Did anyone catch Jerry Favors on Cnbc, today or yes't???
>
> I missed it, but saw last week..........."........high in dow/sp 24th +/-
> two days......"
>
> What did he say today!?
>
> Anyone
>
> Thanks,
>
> Gary
>
> Hawaii
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