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The Bradley indicator, which is based on astrology, predicted the high for
this year would be July 20th. Long time traders will remember the harmonic
convergence of Aug 25th, 1987 right at that top. But like anything else,
astrology can predict tops and bottoms that don't occur either. Arch Crawford
has been predicting a top in stocks for about three years. Maybe this time
he'll be right.
Howard Bernstein
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