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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.11

-0.3%

Nov 5 3:59 PM EST

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To: David S. who wrote (61211)	9/5/2002 12:53:30 PM
From: larry	Read Replies (1) of 77397

David, If the DOW were to go below 5000, you could bet your farm that the NAZ would go down to 800. I think that NAZ should have very strong support at 1000. Unless we get a full blown depression (still possible), I don't see it penetrates that level (for long). DOW is probably going to test 5700-5800 for a nice 50% pullback from all time high. Am not sure whether we can get it in the next 4 weeks. I bet that we get a tradable rally in winter and sets a major bottom in the 2rd quarter next year. This market won't favor those buy and hold types until the recession is fully over. BTW, I say that we are again in a recession now and don't see us getting out of it until at least next summer. good luck, larry!

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