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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (10547)1/18/2002 6:26:20 PM
From: MIKE REDDERT  Read Replies (1) of 13094
 
Hi Jim,

Maybe you can help me out on this. I'm wondering if CSCO might be forming an inverse head and shoulders, as such:

shoulder late Nov...
head late Dec....
shoulder (???) now...
neckline ~22

Am I see things :) My uncertainty on this is because I don't know if a stock can form that pattern in a consolidation after an uptrend. OTOH, I can't see why not.

Mike
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