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

To: GRANOLA who wrote (21328)	1/29/1999 12:56:00 PM
From: Dennis Eckert	Respond to of 77397

I'm not a TA expert but use it to trade in CSCO options. On Jan 20, CSCO was flirting intraday at $110 at the open. Actually, $110 was the high trade within the first 5-10 minutes. So, my guess is there is enough overhead resistance at the level. I use IQChart to watch it in real-time on 1-and-5 minute intervals to time the option buying and selling. So, I guess part of the answer is sellers who bought around $109-$110 are anxious to get out of it because they're nervous it won't go higher?