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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Eric who wrote (33245)3/31/2000 4:36:00 PM
From: Yogizuna  Read Replies (1) | Respond to of 77400
 
Eric,

Yes, as I mentioned yesterday, the hourly charts were getting oversold, so the "smart money" jumped in for the pop. Now in my opinion, the smart money will be looking for the next area to sell or short. With CSCO though, the oversold readings are a bit easier to spot than the overbought ones, so timing the next sell may be a bit difficult. I'm somewhat interested in trying though, and if I make a bear fool out of myself, it will not be the first time! LOL Yogi