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

To: bambs who wrote (44491)	12/13/2000 11:35:13 AM
From: The Phoenix	Respond to of 77400

Bambs, Your tools need upgrading. If you're using big charts to determine higher/lower highs and lows then you're eyeballing this stuff. 3000 represents a double top break at 2900 and a second one at 2950... it's clear to see on the chart. If the NAZ touches 2850 that's a three box reversal and a critical point to watch. If it continues to 2750 it's probably best to be net short however if it bounces I'd want to be long because 3200 is a stones throw away from there. Add to that that resistance is also at that level - right around the time the fed should go neutral... I would not want to be net short if we bounce off 2850. Good luck. I should add that when I say bounce of 2850.. I mean we need to close there today and then bounce. A mid-day bounce doesn't provide the same effect because then you don't dial in the reversal. BTW: that all said my friends tell me Carpino (some star gazer dude which has been uncanny in calling highs and lows) suggests that Friday (options expy) is a low. But that's all smoke and mirrors as far as I'm concerned. OG