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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: bobby beara who wrote (10323)	4/8/1999 6:57:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Bobby, i acknowledge that this is a potential bull trap. if it is, we should see a severe setback soon, maybe as soon as tomorrow. i scale back my exposure at the end of every trading day for fear of a sudden reversal.thanks for the link, the concerns voiced in the article are valid and point to the possibility that we'll see the mother of all bear markets someday soon. but let me say that financial bubbles have a tendency to inflate beyond most people's assumptions, and we may yet see a blow-off a la japan '89. hb

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