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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: John Pitera who wrote (32360)5/9/2000 1:42:00 PM
From: MulhollandDrive  Read Replies (1) of 63513
 
John,

I agree with you about the charts, I see the same pattern on all the "usual suspects" like JDSU, QCOM, even CSCO. After the big sell off, it looks like at least 3 failed rally attempts, each one lower than the previous. <edit> I just looked at a few of the former high flyers like NTAP, JDSU, AMCC,EXDS and I even threw in LSI off the NYSE, and it appears that the 50 DMA is RESISTANCE. What is your opinion if these stocks are unable to breakout above the 50 DMA? A hard crash or more slow bleed?

CSCO's forward looking statements and the markets reaction will clinch it for me.

bp
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