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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Vitas who wrote (17060)	6/12/1999 10:18:00 PM
From: bobby beara	Read Replies (1) of 99985

>>>They have something to do with it, in the sense that they are ahead of themselves, but that does not mean that they will return to the norm.<< New Era Vitas? BS, everything returns to the norm, thats why during this bull market it returns to the 200dma every 9 months. Business become overvalued in bull markets and become undervalued in bear markets. Bollinger thinks we still have a nikkei style blow-off ahead, i question if we already haven't had that at the April 98 top. I can subscribe to either of two elliot interpretations that after this correction we will have another bull leg, or we will enter a major bear market here exactly 1 lifetime span from the last major bear. bb

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