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I seem to remember that Jerry was generally positive about the market into
early April but that a break of last week's low this week would concern
him - we broke last week's low on Monday. Predicting the actual break of an
established 9 week trading range is dicey to say the least and one should
always listen to the caveats. Some are so broad that they amount to we'll go
up if we don't go down. More responsible technicians tend to lay out the
parameters along with reasonable specifics of what will validate or
invalidate market moves.
Earl
-----Original Message-----
From: Moe Drippins <ug@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, March 02, 1999 8:51 AM
Subject: Re: Jerry Favors
>Bob writes:
>> HBernst963@xxxxxxx wrote:
>> >
>> > Did anyone hear what he had to say today on CNBC? The sound was
>> > out on CNBC at my location (D.C.) and I can't read lips!
>> >
>> > Howard
>>
>> I tape CNBC so I can watch it later and suggest you do the same.
>> Only real way to get what they say.
>
>That wouldn't have helped him much if the sound was out. It would
>have recorded... silence.
>
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