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Microcap & Penny Stocks : Looking for a Bounce

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To: SusieQ who wrote (1551)	7/9/2000 1:36:27 PM
From: ChrisJP	of 1734

Hi Susie, Two days of "real bake" in the Nation's Capital. :-) ARTD -- Well you never know when one of these will pull a "Dr. Koop". In early June, KOOP announced some additional financial and the stock took off ... for a day or 2. I like to look at charts, but there are some guys on SI who really know what they're doing. The stuff is tough to follow, but the accompanying narrative helps. Here's the guru: Message 14013997 Here's his technical analysis: geocities.com To spare you from looking at the charts: His technical analysis says that the NASDAQ 100, currently in the 3840 range, (Not to be confused with the NASDAQ Composite),needs to break above 4000 soon. Or it will signal a downtrend. So how the markets react to earnings over the next 2 weeks apparently will be very important. For the S&P 500, a drop below 1430 would be bad. (Personally, I'm not concerned unless it breaks 1380). Anything else it does is OK. The S&P and NASDAQ have been climbing a "wall of worry" for the past 3 weeks. So I'm betting that will continue. We shall see. Take care, Chris

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