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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Jon Tara who wrote (6139)10/27/1997 5:33:00 PM
From: Roger A. Babb   of 9285
 
Jon, my gut feel is that 6500 is the breaking point. I see three possible paths from here, all with equal probability:

1. Bull market dip to 7000 and promptly back to new highs.

2. Short term retreat to 6500, trade in 6500-7500 range for three to six months, then bull market returns to new highs.

3. Drive right through 6500 into prolonged bear market and deflation period. I think it takes another external event to trigger this.

My vote is for #2.
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