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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%3:59 PM EST

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To: chic_hearne who wrote (47241)1/25/2001 1:30:07 PM
From: The Phoenix  Read Replies (2) of 77400
 
chic,

If the bad data is all over the place but the market remains stable that actually argues against your point. Seems to me a burp of good news sends the market higher. Your entry however is a good one so long as CSCO doesn't break to $45..... which it could very easily do on an ounce of good news. I thought for sure CSCO was going through $45 this week but it doesn't appear it's going to happen. I will say this though - it would appear that CSCO is building some consolidation/base here around 40/41.. it's made two attempts at $44+. So, watch that carefully. Chart is intact as long as we don't print $39... and even then $35 is good support. It just appears to me that the CSCO security is building some steam here. BWDIK...

BTW: the other thing to watch is 2700. I suspect we may bounce off that level.

OG
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