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To: Patrick Slevin who wrote (39224)	4/13/1998 8:27:00 AM
From: j g cordes	Respond to of 58727

Patrick, you did not mention '87 as a bear market, I used it for illustration because for many/most its the most recent experience of how a bear market works.. that is, it goes down violently and can scare one with disaster but that it will be over soon and is an opportunity to buy. A real bear market is quite different, which was my point, not to you.. but to anyone who thought '87 was one. On Metz's points, which you posted... as I've been posting, we need to have an expanded set of perceptual tools that work in this kind of extended environement. That's what my airplane wing rising into a vacuum, and opportunity to profit discussions have been about. This market is not easily analyzed by simply looking at technical supports.. its more about where the profit opportunities have been. Whatever they are.. their influences have exceeded the norms, therefore many of the normal guides to value have been useless. Hope you got some sleep.. here come the bull market again. good luck. Jim