Cisco Message Board - Msg: 14785005

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Technology Stocks : Cisco

CSCO 71.49

-0.9%

10:07 AM EST

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To: Uncle Frank who wrote (234)	11/11/2000 12:57:25 PM
From: The Phoenix	Read Replies (3) of 405

UF, So, on Friday the NAZ closed right at support - looks like we're going to have to do that 50% retrace from 5100 which will put us at 2850. While reading the Merc this morning they suggested that we could even go to 2600... did you see that article? Of course while many are pointing to the election as the excuse many pundits are suggesting this "correction" (in reality a bearish market given the softness since April) is necessary due to a slowing economy. So, what's your take. Do you think we get a mini rally once this election crap is complete? I don't see anything positive on the horizon that will turn this thing around until earnings start coming in again. I don't expect Greenspan to do a thing given the stength of the dollar. Looks like we go lower - would you concur? OG

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