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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: bobby beara who wrote (14032)	8/5/1998 9:10:00 PM
From: Robert Graham	Read Replies (1) of 42787

I am not the fool taking long positions in this market. No way! I agree that this is no time to take long positions. Let me reiterate. I do agree that this market is trading like a bear market and should be treated accordingly. However, I am not willing to officially call it a "bear market" at this point in time where substantial losses are still coming up for us in the near future. Still, you will not be seeing me going long anytime in the near future, and possibly in the longer term too. So perhaps there is more of a difference more in semantics than in what we are seeing in the market. What does Mr. Elliot say? Bob Graham

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