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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (32725)	8/2/2000 3:46:43 PM
From: Wes Stevens	Read Replies (2) \| Respond to of 56535

the csco numbers and cc tonight will tell us where we are going for the next couple of days.

To: LTK007 who wrote (32725)	8/2/2000 3:59:54 PM
From: Trader J	Read Replies (3) \| Respond to of 56535

Max: CSCO - While I somewhat agree with that statement, I also remember not long ago when CSCO dove into the low 50s, that everyone forecasted the end if it broke 50 ... which it did very briefly. Everyone was sure that we were headed lower as a whole ..... but since that point, CSCO rallied nearly 20 points and the markets rallied as well. I don't see 60 holding any long term meaning beyone the fact that if it falls below it, it most likely means that CSCO disappointed the street to some degree ... which could have dramatic short term effects. Tj