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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: d. alexander who wrote (38489)	10/24/1999 1:18:00 PM
From: GROUND ZERO™	Read Replies (1) of 44573

I think a very short sighted explanation for that late sell off has been that Cisco was rumored to have a negative earnings report, but they had a good one after all and traded about 3/4 of a point in the aftermarket..... now, the chart of that stock has just given an outside reversal day and I think this is yet another case of buy on rumor sell on news for that stock..... I think the better and more likely explanation of that sell off is that it had little to do with that company but that smart money is getting short for the next leg down in these markets..... GZ

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