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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (35626)5/7/2002 7:10:54 PM
From: Monty Lenard  Read Replies (2) | Respond to of 52237
 
aj, give these a glance not that it will matter.

"Cisco said it had net income of $729 million, or 10 cents a share, in the quarter ended April 27, reversing a year earlier loss of $2.69 billion, or 37 cents a share(The year earlier quarter included a charge of $2.25 billion to cover excess inventory, plus goodwill amortization of $181 million, and other items.)"

That is how the media is able to call a 264% profit increase.

Monty



To: ajtj99 who wrote (35626)5/7/2002 7:26:56 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
Look at the VXN candlestick at the 200 SMA. That looks like strong resistance, meaning it could reverse back down. That would mean the Naz would move up. The VIX doesn't look as convincing.

I agree completely on the support levels -- for the Dow and SPX. But the Naz hit a really strong level at the 1560 area today.

MACD for the VXN looks overbought and ready to turn down, meaning the Naz could go up.

But we shall see. The SPX is a big concern.


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