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

To: Tulvio Durand who wrote (11479)	1/9/1998 6:57:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 77400

Isn't the crossing of the 50 dma mitigated by the general market's taking all valuations down? Afterall, today's CSCO performance was twice as good as NASDAQ's, and could be viewed as a strong positive. Not so? Take a look at CSCO's chart (http://www.bigcharts.com/) and you'll see that of the last three times CSCO crossed the 50-day DMA, two times it went way, way down (albeit temporarily) -- great for quick short plays or for longer-term dip buying. Add in a comparison indicator for technology stocks in general and it appears that the third time (when CSCO recovered quickly) it was part of a general tech rally two weeks after the October correction. So you're right, CSCO's performance today is partly a function of the overall market, but it suggests that if Monday doesn't bring a big rally, CSCO might drop big-time, at least for a few days.