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

To: el paradisio who wrote (68377)	2/2/2001 4:29:19 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

el paradisio: Per the chart I posted earlier this week, the VGY broke to the norm, which was below the support line of its rising wedge based from the Dec 00 low. Regards, LG

To: el paradisio who wrote (68377)	2/2/2001 5:44:13 PM
From: Doug	Read Replies (1) \| Respond to of 99985

El: CSCO has already given us an implicit warning.. On Tuesday that will be made explicit. CSCO is facing a slew of problems. a: Main Telco's & Bells have slowed down capital expenditure due to reduced cash flow. b: A number of NSP's are near Chapter 11 and are least concerned about upgrading.etc. c: Junipers OC-192 routers are selling well and will make competition harder. d: The purchase Brokers of the service Companies are demanding lower prices and are using the threat of holding out longer. e:The situation in Europe is far worse ( BT and DT are good examples) The market now needs some fuel to maintain orbit. I doubt CSCO will be able to make an upbeat forecast for the rest of the year . If so, the market will trim its numbers down and drift towards the valuations of 99.