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Technology Stocks : Cisco
CSCO 73.11+0.3%Oct 31 9:30 AM EST

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To: Eric who wrote (338)11/29/2000 11:04:47 AM
From: The Phoenix  Read Replies (1) of 405
 
Eric,

CSCO has based very nicely here at $50...but the triangle pattern we've built has to resolve itself and when it does I believe it's going to be convincing. It'll either be a break to $50 or a move to $54.. One thing I was noticing this morning is valuations in the tech sector have become more reasonable in comparison to the non tech stocks.. yes overall still higher but overall there is still more growth in tech. Seems to me that what we have now is more momentum selling then anything else... and the jawboning by bears reminds me so much of the same nonsense the bulls were spewing when the NAZ hit 5000. Gonna git interesting.

OG
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