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

To: UNDERTAKER who wrote (16017)	8/14/1998 11:02:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 77400

Hey, U.. What's your read as to where the DOW is heading over the next two months? You have no idea how much trouble you can get into asking me a question like that. :-) First. I really don't watch the Dow. Well, I do but I don't use it to measure my portfolio or others unless I (or they) are invested in the Dow 30. Which is all the Dow is. I look at the NYSE BP which is a spattering of Dow stocks (approx 2500) and more representative of the "average" portfolio. The NYSE BP is at very low levels and nearing the all time low in 1990. A reversal up from here would signify a great advantage to buying new stock or adding to positions. Same with sectors, they are very low as well. The NYSE BP could very well go lower and if it does, yes, the Dow most likely will go lower too. The DJIA on it's chart is on a sell signal breaking it's bullish support line (main trend line) which is negative. Next support on the Dow is 7650. If it signals a buy signal before 7650, that would be a positive sign and it then may gain strength. We are in wait and see mode. In P&F land, we went to defense in April/May when the NYSE BP reversed down. Saw a rally in the big caps in June - played it - saw it poop out - got out, back to defense. I realize some may consider this somewhat off topic and I apologize. Take care, Jan I am