The 87 Market: A Great Year

The market had a huge run from 82 through the beginning of 87 tell us a little bit about how you guys were positioned heading into that year. The challenges the crowd is right most of the time if you want to be a contrarian you have to capture that two three four percent where the whole crowd is wrong and get out before everybody heads for the doors. We're building this model which is really tracking what happened from the low of 21 which we corresponded sort of to the low of of 82 and what was going to happen. When I first built this model I really thought that the top was going to occur in early 88 rather than August but then the technicals came together with the fundamentals