MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: StockOperator who wrote (11906)	4/23/1999 4:30:00 PM
From: donald sew	Read Replies (2) of 99985

StockOperator, DARN, you are more bearish than I am. I dont see a bear market coming now, or a crash. I just see a correction of 5%-10% and maybe as bad as 15% for the intermediate term up until early JULY. Then a runup that could set significant new highs into SEPT, then we go from there. 5%-10% is very possible for the overall market in light of the recent decline in the NAZ which was already 11.5% in just a few days. Long term (within 5 years), Im very bearish since I feel the S&P will get back into the 15-20 P/E range, but the DOW could still get higher before that happens. Seeya

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