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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (51047)	5/16/2000 11:04:00 PM
From: GST	Read Replies (1) \| Respond to of 99985

I woke up bullish -- but the more I think about the Naz and double digit prime rates if we get one more move like today -- well it seems to me that we are going to get more multiple compression. I think it takes a while to find useful interpretations of events when in a bear market. I think we saw a bear market rally going into the fed increase. I expect the bear market to show its claws again sooner rather than later. I think we are in a bear market and the "old rules" (bull market rules) no longer apply.