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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who started this subject11/6/2000 10:26:10 AM
From: Paul Shread  Read Replies (2) of 42787
 
CSCO is forming a perfect rising wedge or bear pennant in the 60-minute chart, beginning with the 45 low on the lower trendline, and the first reaction high for the upper trendline; volume has been declining throughout. Either this is pre-earnings jitters, or we have one massive sell-off coming. Oddly CSCO could also be an inverse H&S, but the wedge sure makes it one odd inverse H&S...
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