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I didn't catch all of it, he mentioned the 'TITANIC' indicator - is this
a new one? Very interesting, he said he was 'flat' now, not short.
-----Original Message-----
From: Thom Schrader <thomschrader@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, July 24, 1998 5:37 PM
Subject: Re: jerry favors on cnbc question to all
>RTrs
>
>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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