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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Hank who wrote (6134)	10/27/1997 5:19:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 9285

To clarify, when I say 7050 "bottom" I guess I don't really mean bottom. Below 7050, I consider that we have entered a bear market. A bounce off of 7050 will re-confirm the bull market. I would be cautious to make sure it really bounces - wouldn't rely on the first little blip. (However, 7050 might be a good place to play a short-term bounce from. I beleive that we WILL bounce from that level - the question is will it be sustained.) I don't see any particular magic to 6500, though Roger does. I think that if we get that low, we will probably go lower still.