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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.32+0.9%3:59 PM EST

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To: ehasfjord who wrote (59188)5/2/2002 10:13:15 AM
From: RetiredNow  Read Replies (2) of 77400
 
I think we might see a lower stock price too. Check this out: biz.yahoo.com

Cisco going to $11? Some folks think so. I'm not a chartist, but even I have to admit that the chart looks atrocious: finance.yahoo.com

Notice how the 10 dma is lower than the 20, which is also lower than the 50? That tells me this stock has no support and is still sliding downwards. I can't find support until I go back to early 1998. I don't think 9/11 counts, since that was a disruption of long term trends. Anyway, good luck all. It's getting ugly.

One saving grace will be if Cisco can post strong results next week.
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