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

To: CharlieChina who wrote (11263)	12/30/1997 4:32:00 PM
From: Gerald Walls	Respond to of 77400

The daily volume has been decreasing since Dec 15/97 with a daily gap occurrence over the past two days on relatively little volume. $50-52 possible target.... So, if a stock has gains on "relatively little volume" in the lightest trading week of the year you automatically label it bearish? Monday was up on 9.25 million shares and today on about 7.8 million. Both of these days were the highest in a week. What do you require for post-Christmas, pre-New Years trading to be considered not "relatively little volume"? That said, CSCO is likely to pull back after peaking at 58 and a close below 50 would probably send CSCO to 48 (very important according to a weekly chart). The recent chart is messy (probably due to the 3:2 split in a light trading period) and there's no clear support until 51-52. If you like gaps there's one to fill on the upside at about 57-1/2 to 58 and on the downside at about 53-1/4 to 54-1/4.