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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: profile_14 who wrote (5326)9/6/2005 11:36:17 PM
From: chowder  Read Replies (1) of 13449
 
I like the chart of CSCO. Price should be able to move up to the 50 day moving average. That's a nice gapping candle today accompanied by decent volume. Confirms we should should see more upside.

stockcharts.com[h,a]daclyiay[d20050606,20050906][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G

That is one bullish candle I see today on the S&P 500. A wide range bar with price closing at the high suggests we will see higher prices in the coming days, even if price takes a rest tomorrow. There isn't a hint of supply coming to market today, not a hint, absolutely no upper tail or shadow on today's candlestick.

stockcharts.com[h,a]daclyiay[d20050606,20050906][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G

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