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To: Kelvin Taylor who wrote (40714)6/18/2002 12:33:25 AM
From: Beachside Bill  Respond to of 53068
 
Kelvin I agree with both you and Larry. Some sectors look very bad while others have tested higher lows. Money usually ends up going into the strong sectors this time of year while the weak fall off a cliff.

Watching CSCO for a complete meltdown situation at this time. Tittering at the moment. Investors should pay attention to CEO guidance and valuations at this point in time.

The next nine months should be very interesting. Watch micro caps, looking extremly strong right now but usually only have a very sharp 3 month move. Popping out of filter scans all over the place.

Expecting stocks like MIR and AYE to basically remain at the base with slight upward movement until the end of the month and then start their move up as realization that money is flowing out of some sectors into others.

JMO



To: Kelvin Taylor who wrote (40714)6/18/2002 6:23:09 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
psst, THE BEAR IS DEAD call referred only to yesterday. Hey, that was a whole day call! - thats' 3 lifetimes for trader Ron. But, while Monday was likely a bull rally in a bear market, the fact that the market rallied towards the end of the day several times last week is a note of encouragement. other than that, there still is too much optimism. larry