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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.39

+1.3%

Nov 19 3:59 PM EST

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To: Monty Lenard who wrote (35895)	5/20/2000 10:57:00 PM
From: FuzzFace	Read Replies (1) of 77400

TSC resident TA man, Gary B. Smith did CSCO Friday. thestreet.com (subscription required) He used a daily chart that ran to Thursdays close, drawing a horizontal support line at about 54 3/4. He said: If it closes Friday below this line, then the 50s will look great because then it'll be headed deep into the low 40s. It closed Friday more than the usually required 1 point below that line, as you know, at 53 7/16. Still, not exactly a decisive break, but if it was my money, I'd sell on the next rally. pcquote.com More bad signs: in the last peak on the chart, up volume was light, down volume was heavy. What a previous poster said about the S&P rejiggering causing a CSCO climax selloff made sense to me. I'm looking for it as a possible entry point.

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