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Strategies & Market Trends : NetCurrents NTCS

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To: the options strategist who wrote (2433)	10/29/2000 10:48:27 PM
From: Teresa Lo	Read Replies (3) of 8925

CSCO: Technical Comments and Charts: I cleaned up the CSCO chart and here's the scoop. On the daily chart, it is inside a trading range. Given Friday's action, and the failure at the 20-day EMA, the highest probability move here is a test of the recent low at just under 50. If it tests the October 11 low, makes a marginal new low, and begins to bounce (2B test of bottom) then there might be a spot to buy it: ispeculator.com More on 1-2-3: ispeculator.com IF CSCO goes back to test the low and cannot hold, THEN the most likely scenario is what I've put on the weekly chart, a failing bounce and down it goes: ispeculator.com Teresa

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