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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.39+1.3%3:59 PM EST

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To: Yogizuna who wrote (42858)11/7/2000 10:49:49 AM
From: The Phoenix  Read Replies (1) of 77400
 
Yogi,

I'm not an expert on this P&F stuff.. although i do find it a useful tool to buy and sell stocks I like. It isn't too useful in locating good stocks but is a tool in determining when to buy, hold, sell... Typically one would buy on a test of a bottom (without failure) and sell on a test of a top without a break out. But higher highs and higher lows are a good time to continue to run with the stock... if CSCO sells off to $53/$54 the chart is very healthy - especially if this is followed by a move to the plus side $58+...

OG
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