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Jim has discovered one of my favorite indicators :-)
Not only that, but when one of these dinosaurs get excited enough to wake up from their hibernation and scrape up enough money from whatever is left of their struggling businesses to cough up for some quarter-page advertising in financial media, in a desperate and shameless last-ditch, one-more-time-and-maybe-this-time-I'll-nail-it attempt............boy, is that a bottom or a bottom !! :-)))
Prechter and Eliades get the top honors. Don't forget the other clowns, P.Q. Wall and Eric Hadik.
Happy trading,
Levent Erbora
-----Original Message-----
From: Jpilleafe@xxxxxxx [SMTP:Jpilleafe@xxxxxxx]
Sent: Sunday, February 13, 2000 4:36 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Jim Stack in Barron's
Whenever there is a good setback for stocks
I keep an eye out for one of the remaining
perma-bears (Eliades, Precter, Stack, etc) to
be featured on CNBC or in the media,... as
their appearance tends to coincide with key lows.
Notice on today's Barron's (page 3) in Ableson's
column...the work of Jim Stack "the estimable
proprietor of InvesTech Research" is mentioned.
Stack has been bearish for a very long time,...
reference to his work here is suggestive to me
that a near term low is likely.
Any comments appreciated.
Regards, JIM Pilliod jpilleafe@xxxxxxx
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