Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Saulamanca who wrote (61585)	10/30/2000 11:54:41 AM
From: KymarFye	Read Replies (1) \| Respond to of 99985

CSCO > 50 not supposed key to holding 3000, but to Nasdaq avoiding re-test of May lows, just as > 60 was supposed key to avoiding tech bear market (oops). Has already penetrated 50 intraday several times in last few weeks, just as Nasdaq has already done the return trip (could of course do it again). Obviously, as we can see already, CSCO can explore upper mid-40s without taking composite to secondary support (high 2000s). At this moment (1152 EST) Nasdaq is holding at bottom of 18-19 gap, but seems like it's at critical level, and beginning to drag on the Dow and S&P confidence (extreme divergence between indices rarely lasts for long) - could be same way of saying, however, that money is already rotating back after vertiginous snapback in Dow.