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To: Lucretius who wrote (18202)9/14/2000 9:57:22 AM
From: AllansAlias  Respond to of 436258
 
My short actually got in the money a couple of points but I have been whipped on the CSCO strength. Standing aside now.

Am watching that CSCO like a cat over a mousehole. Showing nice pop, but Bruce Lee is waiting between $63-64 with those resistance nunchucks. (edit 9:57: stopped now at $63)

Nice technical breakout on SUNW. To be expected.

You know what they say about gaps -- "If it is not filled in early trading it is a very bullish signal."

If you are a QCOM believer then this is an *excellent* entry point. It broke out and has come back to the line it broke through -- very common before the real liftoff. Last at $64-1/4 and if it were to give up $64 with any strength I would consider a false breakout a real possibility.



To: Lucretius who wrote (18202)9/14/2000 10:10:22 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
With XMI pointing down and UTY rolling, I think Lassie might be trying to tell us something. Maybe my glasses are fogged up, but I am seeing a rally tht is wanting to be sold and I have done so.

So far, Bruce is having his way with CSCO.



To: Lucretius who wrote (18202)9/14/2000 10:10:56 AM
From: pater tenebrarum  Respond to of 436258
 
we'll see...to me it looks like the cycle turning point was a low...


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