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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 84.78+2.9%3:59 PM EST
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To: RetiredNow who wrote (68117)6/23/2005 11:45:19 AM
From: GVTucker  Read Replies (1) of 77400
 
If I thought chart reading had any relevance beyond a 1 day time horizon (I don't) I would say this:

The close on 10 Aug 04 was $20.46. CSCO gapped down the next day. CSCO has not closed above that level since.

CSCO would need to close above that $20.46 number, probably within the next week. Otherwise this could be interpreted as a triple top, a bearish signal.

Of course, I think that everything I just wrote is total BS.
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