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Strategies & Market Trends : The Stock Market Bubble

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To: Roger A. Babb who wrote (616)	6/12/1998 11:07:00 PM
From: bobby beara	Read Replies (1) of 3339

I think we are in for the mother of all short-covering rallies in the SPX, a vertical leap, similar to the Amazon chart. There is a ton of liquidity out there from this heavily oversold condition and historically high amount of short interest. The thing that is holding this market up is the shorts covering at support. Need to capitulate the shorts and find them lying on their stomach with an arrow in their back before we crack. The dollar and bonds continue to be a safe haven, that will have to change for the bubble to burst and I expect that to change, but not before at least one more blow-off. bb

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