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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Teri Garner who wrote (113772)9/13/2000 8:37:12 AM
From: mark joyce  Read Replies (1) of 120523
 
Uh Oh:

08:29 ET Cisco Systems (CSCO) 58 7/8: UBS Warburg equity strategist Gail Dudack out with noted entitled "Uh Oh, CSCO." Notes that yesterday stock fell through its 200-day moving average and psychological $60 support level. Says next support for CSCO is May 23 close of $50.55. Believes that risk to the overall market is a retest of the Nasdaq Composite`s May 23 low of 3164.55.

I'm expecting a big down day even before I read this. May not be the best of times to go long. Comments?
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