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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.32-0.1%Jan 30 9:30 AM EST
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To: Lizzie Tudor who wrote (61978)10/15/2002 11:29:15 PM
From: Jacob Snyder  Read Replies (2) of 77400
 
on topic:

Any guesses about where the current rally tops?

Intel and Novellus news mean tomorrow will be down, but is that the end of this week-long rally? It sure has the smell of a bear market rally, fast and furious.

The July and August rallies failed at 15, which is also where the 200DMA currently is.
stockcharts.com[h,a]dahlnymy[dd][pb50!b200!f][vc60]
That may be too optimistic a target, though, as it would be a near-doubling off recent lows. I'm trying to decide where, in the 12-15 range, to sell my current position. Above 15, I'm comfortable shorting CSCO.

Thinking about shorting QCOM, also, if they get to 40.
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