Cisco, Microsoft, and Intel seem to be trying to make a statement in the last few days....Csco at 55 (or so), Msft at 55 (or so), and Intel at 40 (or so)....If these guys break 54,54,and 39 respectively, it looks certain that Cisco is going to the next stop in a hurry, which would obviously be 50...if Cisco and company hold their respective lines on Monday, and bounce higher, I think the market will get some courage...
By breaking 54, 54, and 39..I mean on a closing basis...going down intra-day below 54 (and recovering...and it would have to be a big recovery) may be just the panic technical guys are looking for (for, when Cisco breaks 54, the selling will get pretty fierce across the board)...
Monday should be a really interesting, challenging day....Has all the prospects of a climatic, crazy day..I am expecting at least 2B shares... |
