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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: dennis michael patterson who wrote (38707)	1/31/2000 6:49:00 PM
From: Benkea	Read Replies (1) of 99985

dennis: "Sheesh, 9 points in Csco. Get 500 shares and make some dough. Sustains me!" I hear ya, but it was 13 pts on CMGI. CSCO just sits and spins. It's too top heavy. You'll be truly blessed if it breaks $115 in the near future. CMGI on the other hand has the same chance of heading back to its' high which is much higher. That said, this may be it for CMGI (and CSCO) for a while. It's base time for both. For CMGI, it may be time to head back to 50% of the $163 high (after bouncing right at 38% today), then 62% to $63 first. I'm not a daytrader. Trading trends that have some sustainability is more my deal.

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