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

To: Monty Lenard who wrote (40746)	10/13/2000 9:36:10 AM
From: James F. Hopkins	Read Replies (3) \| Respond to of 77398

In checking it out on the weekly chart it says we are getting close to a bounce. If it fails we get an extended bear market. People talk about 87 but that recovered within a year the early 70s were worse. We can forget the 29 crash, or the rhetoric that it ever recovered.. It never did The depression ended with WWII , but the 29 market did not recover and the brokers that want you to think it did are shape shifters. Actually not one stock ever recovered, GM was selling for over $500 in 29, what happened over time was New Issues were brought in and the index was re-made. ---------------- It takes guts to buy when every one is selling or shorting but I'm either going to make some money or feel very foolish before long as I'm starting to buy. I will ease in; the rally if we are going to get it should happen early next week or just after options expire. If that don't play out then we can forget this market for several years. With oil shooting UP it does look like we have a chance to go into a prolonged recession. That's what did it in the 70s. Jim