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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: Yogizuna who wrote (42828)11/7/2000 9:58:47 AM
From: The Phoenix  Read Replies (1) of 77400
 
Yogi,

Just goes to show you that different TA techniques will yield different results.
From this P&F charting technique CSCO clearly broke bearish resistance at $57. A
pullback to $53 would be healthy then a move past $60 would be a quad top break out -
very healthy... with a triple top break out at $64. That said, I would be surprised
to see CSCO move through both $60 and $64 in one move. Rather, if indeed CSCO moves
higher (which after today seems like more than just a small challenge <g>) it'll take out
$60 fill to $56-$57 then move to $64.... BWDIK.

OG

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