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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: SouthFloridaGuy who wrote (17657)10/3/1998 3:09:00 PM
From: larry  Read Replies (1) of 77400
 
CSCO has tested its 200 DMA about 10 times in the past 4 years and broke it only twice. That contradicts to what you described.

Also you believe that DOW is heading toward 6k next week and your conclusion is mainly based on this thought. Quite frankly, I was believing that DOW was gonna break 7400 as of yesterday and head toward 6 k next week. Well, I don't think so now.

Finally, chart looking is cool, but it's getting less and less useful as compared with what it was years ago.

happy investing,
larry!
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