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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: davidtrx who wrote (66037)	8/24/2004 12:13:19 AM
From: Simon	Read Replies (2) of 77400

The chart of the Dow said it would go up about 200 or so points. It bounced off the Neck Line of a Head & Shoulders pattern. The S&P broke the N/L but roared back up above it. Assume both will make another assult on the N/L an go on down past it, much to the moaning of all the talking heads on TV. The up pattern of the Dow is pretty well known and the final 3 days showed a horn pattern (my name) which indicated it would go down on Monday (8/23) I trade for a living an certainly don't believe in buy an holding any stock past a rising Dow formation. EG: Few years ago GE was 60 an went to 20 and finally crawled back to 30. "That's buy and hold"?

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