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


To: RetiredNow who wrote (60323)7/17/2002 1:20:25 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 77400
 
mindmeld
I am looking for the sept 2001 lows in your timeframe

I see this rally as being similar to the march rally that went to the Bearish resistance line (P&F Speak). We are right up against the bearish resistance line now. After touching the BRL in March, we eventually turned down and broke through a triple bottom. Same setup as we have now.
stockcharts.com



To: RetiredNow who wrote (60323)7/18/2002 12:38:19 AM
From: ehasfjord  Read Replies (1) | Respond to of 77400
 
$17.00 is not out of range. I'm still looking for
a further short term drop. CSCO still shows a downtrend even
though it has rallied from its last $13. (and change)
low. In looking at the following chart, you will see
that it has broken through the prior 2 lows. Very
short term, the "star" at the end of the chart COULD
indicate a drop tomorrow.

The 2 "gaps" in May were broken through on the downside -
Hit another low in July -
Gap on upside around #13. -
Spinning top today (not a real good sign) -
If it drops below $14.25 it is likely to go back down
to $13.00 -
At this point, I get interested...

On the other hand, given market sentiment, et all... I'm
probably F.O.S.
Take Care!

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