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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST

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To: Tony Viola who wrote (36717)5/30/2000 10:22:00 AM
From: JRI  Read Replies (1) of 77400
 
Good sign....we are taking bad news (bullish Consumer Confidence numbers) and are rallying higher....

One sign technicians have been looking for! (pardon dangling modifier- but technicians wanted to see us rally in the face of something bad)..Volume needs to be higher today, but A/D looking good for a change..

Psychologically firming from mid-May meltdown (still a ways to go, but we are distancing ourselves from the drip, drip down days)..

I agree that we now have a battle (short-term) between bears who are certain of a sub-3000 Naz, and bulls looking for a return of the good 'ol days...that is healthier than the "buyers strike" we saw a couple weeks ago..
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