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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: ftian who wrote (12035)	6/13/2002 4:12:30 AM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

Maybe on some tech and will have to be very selective there yet. I do see a summer rally coming most likely when Spx hits 950, Compx fills the gap down at 1429 then to 1400 first the Likely area for a bounce.(possible measurement back to 1300 ??) , then a good rally back up to the 50MA'S. Will a re-evaluate when approaching resistance areas we need to break thru those down trend lines with conviction. Would be great to see a double bottom like on Nikkei(n225). I still say Xau has more on the upside yet after consolidating some near term, so will be watching as the indices( tech AND OTHERS APPROACH MAJORS SUPPORTS AGAIN) as Gold ON RESISTANCE. My Indicators Still point to a flat and slightly down market, SUGGESTING secular Bear trend on most major indices tech and internet and networking sectors being the weakest. I'm looking for IIX 75 and CSCO 11.25 FOR THE BOUNCE ! Our Patience with this market will be tested and tried thru the fires to purify or separate the goats from the sheep.