Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: MIKE REDDERT who wrote (10556)	1/19/2002 7:29:54 PM
From: James Strauss	Read Replies (1) of 13094

CSCO... Hi Mike: The CSCO chart looks more like a declining double top to me... Although, one could argue that the 21.00 area tested this month was a rising right shoulder... In that scenario, the trend broke to the downside... Either way, the short term trend is down... The 18.00 and 15.50 areas might be worth a bounce play... stockcharts.com[m,a]daclyyay[pb50!b200!f][vc60][iLb14!La12,26,9] 18.00 looks like where there'll be quite a battle... Below that is the 15.50 area... Worst case scenario would be a retest of the 11.00 to 12.00 area... I'd back up the truck if that occurred... : > Jim

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