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

To: RetiredNow who wrote (63853)	5/6/2003 5:07:12 PM
From: RetiredNow	Read Replies (5) \| Respond to of 77400

OK. So the two major things that we were waiting for (Fed report and Cisco earnings) are over. The market ran up in anticipation of these two things. Now we know that the Fed says things are sufficiently bad out there that they may have to cut rates in June. In addition, Cisco's sales slipped, which shows that technology spending hasn't really turned around yet. We also know that May-June are usually weak stock market months. My guess is that May selling will start in earnest tomorrow or later this week. I'm thinking we might see a return to around 8,100 again before the end of this month. What does anyone else think?