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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

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To: Cynic 2005 who wrote (12204)	2/7/1998 7:41:00 PM
From: Ms. X	Read Replies (3) of 77400

Hi Mohan, Not a Cisco bull, just a TA observer as you know. I think with the NYSE bullish percent recently reversing up as well as the sector JUST reversing up into bull alert, chances of Cisco falling to your predicted "low" 50's is overly enthusiastic. I agree Cisco will correct. It is on a high pole warning but all of the indicators are very positive for this stock. Their relative strength for instance is quite strong. Cisco has an area of support at 56 and 55 is where the bullish support line lies. My feeling is you may get a retrace to 60 on some backfilling but then after, another move up. Mitigating circumstances such as Iraq and Clinton may change the market, but as it stands now, Cisco is strong. All the best, Jan

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