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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.40

-1.4%

3:59 PM EST

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To: Gottfried who wrote (59538)	5/16/2002 2:02:13 PM
From: rkral	Read Replies (1) of 77400

The first island day was 6 days ago Then you have again misidentified the island of which MM and I speak. *The second gap was 6 days ago.* Re-read the posts .. carefully noting the dates. An island has an upward gap on one side and a downward gap on the other. If the upward gap precedes the downward gap, it is potentially an island reversal with bearish implications. If the downward precedes the upward, it is potentially a bullish island reversal. The later is the case in hand. It's not a pretty classical island pattern. Your "island" is actually a consolidation, meaning the prices continued in the same direction. Ron

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