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

To: marginmike who wrote (66528)	1/11/2001 12:19:02 AM
From: Hobie1Kenobe	Read Replies (1) \| Respond to of 99985

mike - Japan feeling the pain - finance.yahoo.com^N225&d=v2

To: marginmike who wrote (66528)	1/11/2001 2:13:40 AM
From: KevinMark	Respond to of 99985

>>>As for CSCO I was unimpressed with it only being down a litlle, like Qcom it was sold HARD all day. Wait until the economy REALLY starts to slow. We may have a respite or a rally, but this is a real BEAR market and we are simply in the eye of the storm. nas 1800-2000 is only a matter of time.<<< I would consider CSCO's highest ever volume day of well over 200 mil significant. While there were a ton of sellers, there were more than an equal amount of buyers. 34 is the key for CSCO, if it breaks down through that price, then the Nasdaq will suffer to a much larger degree. Regarding 1800-2000, only way for that to happen is by allowing more supply to hit the market, which will occur in Feb and March from lockup expirations. As of now, the selling looks tired and the dips are being bought. Investors may buy the rumor of a 50 basis point cut in the next week after a minor shakeout, then possibly sell the news after a 25 point cut disappointment. But, that will just create another buying opportunity for the short-term until more supply hits, later in the first quarter. KM