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On Friday, Favors said that he is flat now but still expects new lows,
but market could rally for another couple of weeks.
Steve Poser
JW wrote:
>
> Is there any update from these guys now with the Fed created euphoria?
>
> JW
> abprosys@xxxxxxx <mailto:abprosys@xxxxxxx>
>
> -----Original Message-----
> From: owner-realtraders@xxxxxxxxxxxxxx
> [mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of charles meyer
> Sent: Wednesday, October 14, 1998 8:45 AM
> To: RealTraders Discussion Group
> Subject: Fw: ADVISOR INFORMATION
>
> Group:
>
> Thought this might be of topical interest; judging from this mornings
> messages........it comes from another discussion forum and are not
> my words.
>
> Charles
> ________________________________________________________________
>
> > Arch Crawford says that the worst days of September and October will be
> > 10/17-10/23.
> >
> > He expects the eventual botton close to the 10/30 to 11/2 weekend. To
> > cover half of your shorts on 10/26 close and the other half on the 11/4
> > opening.
> >
> > Jerr Favors ( CNBC Fridays at 3:30 PM ) says resistance at 8248 for top
> > followed by major leg down. WHEN not IF the DJ breaks 7400 he is looking
> > for 6500 area. He is half short with going short the other half on a
> > break beloe 7400.
> >
> > I believe Crawford and Favors both called the July top by two days. I
> > may become a believer. I am looking/ hoping for a rally near the 8200
> > area to buy BEARX, RYUSA, and USPIX.
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