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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: marc ultra who wrote (285)7/14/2000 8:30:46 PM
From: rsie  Respond to of 10065
 
IMO, it will be ugly....Rich



To: marc ultra who wrote (285)7/15/2000 3:58:13 PM
From: marc ultra  Read Replies (1) | Respond to of 10065
 
July MarkeTimer excerpted in Barron's

"Although we believe the Nasdaq Composite has the potential to trade slightly higher over the near term, we anticipate the overall market, including the Nasdaq Composite, will roll over this summer and resume the decline that commenced in earnest during March"

I will just emphasize I see no one out there willing to say this is a technical bear market bounce that will roll over shortly. I am surprised none of the usual bunch of CNBC appearing technicians have discussed this possibility as far as I've seen. It seems like I've been hearing about typical 50% or so retracements forever from these people. After his spectacular call on the NASDAQ trade I must say if he correctly pinpoints the time to rollover and play dead it would be another great accomplishment.

Marc