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Strategies & Market Trends : Ask DrBob

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To: Joseph Silent who wrote (14392)	11/16/2000 9:21:08 AM
From: Louis V. Lambrecht	Read Replies (1) of 100058

Joseph - the ML cut of IC stocks was more than enough. Many consider that the Nasdaq will not rebound unless the SOX does. That ML cut is major dammage IMHO. Starting to suspect that the commercials have been unloading for a while, technical rallies beeing speculative dip buying. Can't explain the behaviour of PCR's and lowering of the Nasdaq volumes otherwise. Futures likely to test the post FOMC annoucement dip of yesterday ay open. PMCS and BRCM down 10% in pre-market. Glad I closed one brokerage account yesterday.

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