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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

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To: pater tenebrarum who wrote (25693)	9/14/1999 9:10:00 AM
From: Robert Rose	Read Replies (1) of 99985

<one day, everyone will want to exit at the same time, just as happened with the nutz after the April highs.> As we all know, the worst one-day exit in recent times was in Oct '87, a 25% haircut. The dot corrected about 30% over a two month period starting April 1999, giving any but the most obtuse (yes, I was one of those <g>) plenty of time to exit with most of their net worth intact. So I am operating under the premise that I must be willing to suddenly (if perhaps temporarily) lose 25% of my portfolio's value if I am to play these stocks to the hilt, as I do. That said, go agil, iiji, and icge!!

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