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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (1883)5/24/2000 12:49:00 AM
From: Sam Sara  Read Replies (2) of 13572
 
I looked at CSCO vs. Naz charts over the last few years...correlation is unbelievable.

Without CSCO, Naz will not maintain a sustained uptrend, on that I think we will agree.

Quite some time ago I contemplated CSCO in the 30s, did not seem possible, despite what charts raised as a possibility.
Well, now the impossible seems plausible. I see support for CSCO at 35 range, depending on how long we take to get there. That will likely put Naz in 2100-2400 range.

Before that, 2950 and 2650 exist as points where buyers will emerge. If this plays out, there is still a world of real pain to come.

I've been sitting on cash for a few weeks now, and see no reason to emerge from my shell, until market declares an all clear, or until we hit 2650, where I may nibble.
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