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Market Vision 2020
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Warnings Come in the Form of Downtrends
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We see it all too often. A company trades in a defined downtrend for weeks, even months, and then releases the weak quarterly results or the lowered guidance, or both. After Wednesday's close, Cisco Systems (CSCO) dropped a bomb on Wall Street as it lowered its revenue and EPS guidance on a forward-looking basis. Or was the bomb already dropped? Take a look at
the downtrend in CSCO stock the past few months and take an especially close look at CSCO's relative weakness vs. its telecom equipment peers the past several weeks:
