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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: JoanP who wrote (40197)	7/16/2001 1:42:24 PM
From: Drbob512	Respond to of 100058

Joan: If I may kibbutz a little on BEAS, which I also like. I have been holding off on it, as I have waited for 1941 gap to fill and to see if the Nasdaq will trade in the 1800's, which is more likely than not, imho, from a technical standpoint. I think that a so-called Summer rally will occur, but not before we have another decline under 2,000, filling the gap at 1975 at least, and probably lower prices than that. But the pundits have been so wrong in the past 2 months in stating that the recovery has started and that the market is not going lower during the Summer as they talked up the Summer rally idea. Most Nasdaq stocks have come down 30-50% from their late April/May highs and even the Dow has been down in the past 2 months. Media and pundits speculate without mentioning the technicals, a big disservice to the public, in my opinion...