Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.34

-2.9%

Nov 4 3:59 PM EST

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To: TREND1 who wrote (24435)	4/16/1999 1:52:00 AM
From: Jorj X Mckie	Read Replies (1) of 77397

Larry, Why do you say the trend turned down? Just because a stock pulls back, doesn't mean that the trend is broken. Rarely does any stock move up in a straight line for long periods of time. My technical indicators (Point and Figure) show that CSCO pulled back to an informal support level and held fast. No sell signal was given, nor was it even close. Both MU and DELL have been trending down since February and both have given multiple sell signals. Can you post your analysis here that suggests that the trend has turned negative (rather than just a pullback on a day that most of the high flyers took a royal flogging)? Thanks, JXM

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