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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

Nov 10 3:59 PM EST

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To: ehasfjord who wrote (59631)	5/31/2002 11:12:12 AM
From: Patsy Collins	Read Replies (1) of 77397

On daily chart, CSCO looks like it survived Wednesday's attempt at closing that 5/8 +24% gap! The fact that it didn't push into the gap area is bullish. Stochastics are also correcting now at the 30-45% %K area; also firm. Let's see if it can test and break he 200MA of 16.99 for next few days. On the weekly chart, CSCO is at 63%K, so not overbought as yet. My DeMark Sequential count is 4-0 sell there. A 9-0 sell is a reversal count; so it is possible to have another 5 weeks of upward or moderate downside action before a major reversal on weekly chart. Monthy CSCO chart is the most constructive among the 3 as we have a stochastic crossover 27.24K 20.38D and a hammer for the month of May! But the DeMark count in monthly frame is a bearish 4-0 buy. Conflicting technical signals reflect the difficulty of this current marketplace, indeed! PC

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