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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.42+1.9%Dec 19 9:30 AM EST
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To: RetiredNow who wrote (59862)6/18/2002 2:31:13 PM
From: larry  Read Replies (2) of 77400
 
Hi mind,
Very likely. The best hope we can have is that this is an intermediate term floor (3-6 months). However, I am betting on S&P taking out 944 and test the next support at 880-900 within the next 8 weeks. And also pay attention to how EURO takes out the strong resistance against dollar at 0.95. It has made a pretty convincing push this afternoon after it failed badly on its first test last Friday morning. After that, it's blue sky all the way to 1, the major psychological resistance. At that point, the Fed probably will put on a vain fight.

IF ORCL can say great things about the near term future (doubt it), plus the rumored MSFT upward preannoucement, it might push NAZ toward 1650 in the short term.

I am totally out the QQQ right now. Besides 60% stocks in my 401k, I hold 8% of my trading account in gold related stocks.

good luck,
larry!
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