MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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To: StockOperator who wrote (14361)	5/19/1999 1:51:00 PM
From: Robert Rose	Read Replies (2) of 99985

SO. It is so unlike you to be so bearish. Part of the reason I read this thread is to gauge sentiment as much as profit from analysis. This and your last posts are both very sobering. Would you expect a sudden drop, as in Oct '87, rather than a more drawn out correction as we saw Aug-Oct 98? And are we talking about 25%, as we saw in Oct '87, or considerably more? And would continued higher interest rates be the trigger, or something else? This change in opinion indicates to me a truly open mind. I must also give Donald credit in this regard, even though his bias may be bearish. He makes a real effort to balance his viewpoint. Rob

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