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[sharechat] interesting comment re;Nasdaq from US analyst

From:	"Peter Robertson" <p.robertson@clear.net.nz>
Date:	Sat, 10 Jun 2000 09:22:52 +1200

The Nasdaq Composite added 49 points, or 1.3 percent, to 3,874 while the Nasdaq 100 index climbed 52 points, or 1.4 percent, to 3,760.

"Big corrections produce big bounces. Get the Dow over 10,950 and the Nasdaq above 4000, and you can expect to see another 10 percent to 20 percent [bounce] in fairly short order. If it fails we will have reinforced the top end of the summer trading range," said Robert Dickey, chief technical strategist at Dain Rauscher Wessels.

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