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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (16924)	8/4/1998 4:00:00 PM
From: Moonray	Respond to of 22053

back up?, back up?, haven't we backed up enough?<g> Unfortunately Cisco MUST report better than expected today, or else. Well Moony, will it take COMS back up too? o~~~ O

To: Scrapps who wrote (16924)	8/4/1998 4:23:00 PM
From: Moonray	Respond to of 22053

Cisco Systems Reports Fourth Quarter and Year-End Earnings and Three-for-Two Stock Split. CNBC reporting 1&cent ahead of expected. o~~~ O

To: Scrapps who wrote (16924)	8/4/1998 10:04:00 PM
From: Moonray	Read Replies (3) \| Respond to of 22053

Asian markets are down, but so far no DOW -300 spillover into their markets: quote.yahoo.com For all practical purposes we ARE at bottom. Signs: 1) New volume record for NAZ 2) TIC reached more than -1500 during today 3) DOW & NAZ at 200-Day Moving Averages 4) Adv/Dec line sucks 5) NY new highs/new lows worse since '94 Tommorow should see a vigorous rally. Failure of the DOW & NAZ to close above their 200-Day MA would signal a bear market. Most bear markets are declines from the highs of 15%-30% over one to two years. '87 downdraft made the percentage, but not the timeline. None-the-less it was the worst decline by some statistics since '29. This market reminds me of '87. For the average stock, '73-'74 was worse than '87 and was chinese water torture. Almost everything fell to the $5-$10 range. Let us hope we get our rally. Long term support is at 8500 for the DOW, 13 points up: quicken.excite.com Long term support is at 1740 for the NAZ, another 46 points down: quicken.excite.com o~~~ O