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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.38

-3.8%

3:56 PM EST

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To: Yogizuna who wrote (42858)	11/7/2000 1:00:26 PM
From: Jorj X Mckie	Read Replies (1) of 77400

Yogi, The trendlines on the P&F chart are not drawn from high to high. The bearish resistance line on the 2pt chart that is in effect right now was drawn in early September without the recent highs as a connecting point. Often these trendlines will correspond with the 200dma. In other words, the line that you could draw between 82 and 70 would not be a legitimate resistance line by P&F techniques. JXM

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