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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

3:59 PM EST

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To: Ed Forrest who wrote (54733)	8/27/2001 8:14:00 PM
From: Jerome	Read Replies (2) of 77400

>>>I suspect Cisco will be seeing the mid to low 17s tomorrow.<<< Any intuitive or rational basis for that call? The very modest sell off on the tech's today took place in the last 15 minutes of the trading session. If the usual Monday pattern was to take place we would have seen a major sell off. Quietly the Nasdaq pattern is changing. What worked well the last four weeks will not work well the next four weeks. The old pattern was a one day rally followed by a three day sell off. But since we are at the bottom of most commonly used trading patterns there is not much downside room for a sell off. Just my $.02... Regards, Jerome

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