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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+3.1%Nov 12 3:59 PM EST

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To: Zoltan! who wrote (44280)12/8/2000 10:30:48 AM
From: The Phoenix  Read Replies (1) of 77398
 
The pullback from 53 to 49 was text-book stuff... CSCO needs 54 and more importantly 55 to get bullish legs.
Note the double bottom at $45. This is the type of pattern many bull ignored at the top.

73 73
72 72
71 71
70 ---X --* ------------------------------------------------------------------70 -
69 X O 9 * 69
68 X O X O * 68
67 -* X O X O --* ------------------------------------------------------------67 -
66 X O X O * 66
65 -O X O X O ------* --------------------------------------------------------65 -
64 O X O X O * 64
63 8 X O X O X X * 63
62 O X O O X O X O * 62
61 O X * O X O X O * 61
60 -O X * --O X O X O --------* --* ------------------------------------------60 -
59 O * O X O O X X * X * 59
58 * O O X O X O X O * 58
57 O X O X O X O * X 57
56 O X A X O X X O X O 56
55 -----------------O --O --O X O X O ----B O --------* ------------------ Med55 -
54 O X O X O X X O X X X * 54
53 O X O X O X O X O X O X O X O * X x 53
52 O X O X O X O X O X O X O X O * X O x 52
51 O X O X O X O X O X O X O * O X X O x 51
50 -------------------------O X O --O --O X O X O * * --O X O X O x-----------50 -
49 O O X O X * O C O X O 49
48 O X O * O X O X 48
47 O X * O X O X 47
46 O * O O X 46
45 -------------------------------------* ------------------O ----------------45 -
44 44
43 43
42 42
41 41
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