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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.25

+1.7%

10:33 AM EST

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To: mary_a who wrote (59943)	6/26/2002 12:39:18 AM
From: ehasfjord	Read Replies (1) of 77400

Hi MARY_A. Following is Pure Theory, but I agree with your decision(s) re: "gaps"! It is my understanding that a "gap" or "window" (Japanese Candlestick term) closing HIGHER is bullish in nature, and forms a resistance. This works up to the point that the initial "gap" has been filled by a downward movement. Somewhat gets into the American "head and shoulders" top pattern. A "gap", in simplistic terms, represents a "continuation pattern" - but when the "gap" has been broken (for an upward movement), watch out (called a three budda top). The converse is true with a bottom pattern. If resist. has been broken going upward, you may expect a movement upward. IMHO, "gaps" play a very important part of TA. Of course, in a market run by sentiment and fear, most (if not all) TA goes out the window! Take care, and Best Wishes!

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