Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.98

+1.3%

3:17 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: t2 who wrote (62151)	10/24/2002 7:04:33 PM
From: Jacob Snyder	Read Replies (1) of 77397

Not strong resistance, just moderate. For the last 2 1/2 years, rallies in CSCO have usually failed at the 50DMA: stockcharts.com[h,a]dahlnymy[dd][pb50!b200!f][vc60] If we get through the 50DMA, then the next resistance level is around the 200DMA. Every rally, for 2 1/2 years, has failed at around those two moving averages. So, getting out of long positions and establishing short positions, in increments beginning at the 50DMA (now at 12.1), and being fully short at the 200DMA (now at 14.7), has been a money-making strategy. Assuming we are still in a Bear Market, that pattern should continue.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next