MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Andy H who wrote (35267)	12/16/1999 1:06:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

I believe if you check revenues minus "restructuring costs" you will find that CSCO actually brought in less money this quarter than last year which was in the middle of the Asian crisis. It was heinz I believe that first caught this but my memory is is bad at times. What CSCO os saying is basically the same thing TYC got hammered for last week but CSCO is a street darling and besides, earnings, revenues etc don't matter anymore anyway. Les - regarding bonds - I don't chart the bond but I do chart the TYX and I show resistnace at 6.375% and slightly rising. FWIW I don't think any critical level has been broken yet BWDIK Now if we could break through and go to my real support area of 6.7%, that would be something!!!!!<ggg> Dollar still holding so far. This I don't understand at all. We are printing money like crazy yet it isn't devalueing. What am I missing??? Good Luck, Lee

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