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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Donald Wennerstrom who wrote (5084)8/25/2002 5:28:18 PM
From: Return to Sender  Read Replies (1) | Respond to of 95567
 
Gottfried, it's still a long time before the end of October much less next year. If we rally back higher after some additional selling the next few days the Bullish perspective will take center stage. At that point in time retesting the July lows may actually seem ludicrous at any point this year or next.

The point I am trying to make is that this rally may be far from over but it is still nothing more than a Bear Market rally doomed to fail because there are very good economic reasons to question the size of any upcoming economic recovery. There is no killer app out there, no new technology to fuel investor excitement, no reason to rush into the market with my wallet wide open.

Not yet anyway, maybe after this rally is spent, and the bears become overconfident, because ultimately there will be a business led recovery.

RtS