Here's the weekly CSCO:
stockcharts.com[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
The RSI and Full Stoch's are at a critical juncture. If they turn down, it's a deathblow. If they continue up, CSCO could double top at 15.29 (the August high). That's rather unfathomable, but not beyond the realm of comprehension when seen in the context of this market.
If CSCO loses $12, it loses the weekly uptrend out of the October lows.
Every month I have doubts about Max Pain. Every month it works. I'm not doubting it this month. We say they've hedged, and they don't. They set their plan in motion tomorrow.
If CSCO does a gap and crap, it would take care of the ramp and keep the full stochs from going up. That might be the outcome. |
