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


To: craig crawford who wrote (12297)2/5/1998 4:16:00 PM
From: Cynic 2005  Respond to of 77400
 
OK, folks. here is something I want to share with you. You don't have to agree with me, but nothing wrong in listening to what I have to say.

MSFT: The blow-off top of July had 8 consecutive 10+ mil volume days.
INTC: August blow-off top has 5 consecutive 15+ mil volume days.
CSCO: December peak of 90 (pre-split is followed by 3 consecutive days of 10+ mil (15+ post split??) trading.

The most recent volumes on MSFT & Intel haven't come close to those blow-off vols. Cisco exceeded it's december peak volume and since 1/28 and has had 10+ mil days since 1/27 except 1/30. I would like to call it a blow-off top.
tradepbs.com
tradepbs.com
tradepbs.com
-Mohan

Add to that, a 12+ mil volume today when the stock is down 3/16.

Most tops and bottoms (even if local) occur at very high volume levels. Bulls may feel free to call "cisco has hit a new bottom in the last few days." -g-