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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.80-0.4%3:40 PM EST

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To: Jerome who wrote (54498)8/15/2001 12:11:03 AM
From: Ed Forrest  Read Replies (1) of 77400
 
Or do you use the intra-day high for this calculation?

J

I used the closing price.

The 11-day average is now 19 even.:)

my viewpoint would be to wait for a few strong up days in the tech area and see how CSCO responds

I also employ that as one criterion.

Ed, you mentioned that your preference was to initiate a position at 2 points below the ten day moving average

That is nirvana and many times have to settle for less.

I also wait for several down days in a row for the Naz and Cisco and if I'm seeing increased volume, no bad news and the futures stable I may jump in early.

I'm thinking tomorrow might be such a day.

Below is a link to a site that I use for historical prices.

chart.yahoo.com

Ed
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