well if we are LOOKING for that excuse, not withstanding bad news, to dump this market on a climatic type washout, CSCO is just the biggie to flush off of IMHO
The NDX is in a down-channel on the 60-min out of the highs at the close on Feb. 4. The top of the channel is at about 1777 next hour, and the bottom is just a bit below the lows today.