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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (10818)	2/27/2002 11:36:03 AM
From: Shack	Read Replies (1) \| Respond to of 19219

I agree the cyclicals are leading. But they are equally worrisome as I don't believe the likes of CAT, AA, DOW, WHR etc should be trading at better than 25 times earnings and many are far above that. Their bottom lines will desperately need to pick up, which may indeed happen. Cheers, S

To: J.T. who wrote (10818)	2/27/2002 11:47:42 AM
From: bruceleroy1_-	Respond to of 19219

Don't know about networking leading the charge: Live Headline from Briefing.com 27-Feb-02 11:29 ET Cisco Systems numbers cut by Wachovia in pre-market note (CSCO) 15.18 -0.32: -- Update -- Has traded in the red for most of the morning. Contributing to weakness are estimate cuts this morning by Wachovia Sec. Following channel checks and recent events, firm reduced numbers for FY02 and FY03. Although stock has declined about 15%-20% since Q2 earnings release, Wachovia does not feel a sequential decline is yet built into expectations. Thinks stock could test the Sept lows of $10-$12 as this scenario works its way in. For FY02, firm cuts est to $0.28 from $0.31 (consensus $0.32). For FY03, reduces to $0.33 from $0.39 (consensus $0.47). Juniper Networks: cautious comments from SoundView (9.90) Hearing from sources that Soundview is making cautious comments on JNPR; says recent checks indicate that February was an extremely tough month with Asia/Pacific sales weaker than expected; sees snapback in March as unlikely and believes downside risk in shares remains.