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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 25, 1981
Page
8
In a market debate, veteran bull Robert Prechter and cautious bear Phil Hempleman face off over direction. Prechter, 32, forecasts a bottom at 962 and a rapid rally, while Hempleman, 39, manages a $6.7 million fund that has posted strong 1981 gains.
The article profiles Robert Prechter, noting his accurate calls over two years, including a March 78 Dow rise to 740 and a later 100 point gain after bearish stances. It explains his reliance on Elliott Wave theory, volume, and sentiment, with a caution Dow could dip to 960 and gold trends toward 388.
Columbus based state representative Arthur Wilkowski argues for a network of high technology trains linking major Midwest cities without federal funding. He says states should act independently, claiming federal efforts failed and the plan could revive the decaying Northeast and curb Sun Belt growth.
Birth notices from Elyria Amherst and Vermilion announce a son for the Hardesty family, a daughter for the Todd family, a Miller birth, and two more daughters for Kinder and Cooper. Separately, Cedar Point hosts Retarded Citizens Day with 1500 participants. Regional rail talk cites Wilkowski, Brown, Mills and Van Meter, proposing a high speed, coal powered system with a feasibility study and ballot proposal to fund via sales tax, amid Amtrak critique and cross state interest.
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