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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 693.77-0.2%Jan 13 4:00 PM EST
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To: pater tenebrarum who wrote (19569)7/7/1999 1:43:00 PM
From: bobby beara  Read Replies (4) of 99985
 
Heinz, it doesn't seem we have the level of bullishness or complacency at the July top or the 1987 top, however there seems to be enough for a decent correction on the horizon.

I think that people's expectations were low in the jan and april reporting periods, but now the expectations are high, therefore disappointments are more likely than surprises.

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