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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 695.41+0.5%Feb 2 4:00 PM EST

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To: Logain Ablar who wrote (40857)3/22/2004 1:29:07 AM
From: Johnny Canuck  Read Replies (1) of 70380
 
There is something more fundmental and wide reaching happening in the sector. FDRY sold off at the same time as AVCI. They both sold off in a big way, yet they represent different segement and have different customers.

Part of it is response to low growth guidance from CSCO during a recent conference. At the same time LU was given mixed guidance on the line line side.

At least CIEN looks be to finding some support at $5.00.
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