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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: Fintas	11/16/2010 9:17:58 AM
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Be careful with Csco. My work suggests a probable 16.20 and a possible 14.54. Stock is in a RS sell and has room to support those numbers I've suggested. Historically the stock collapsed back in late 2007 after failing near the 35 mark when Chambers came out with his forecasts. Great company and great management but this one goes lower. Bounces should be seen with a skeptical eye till we finish the downside. GE is stronger re RS. Although I expect it to come down a bit more. But NOT as deep as Csco percentage wise. On another note Drys just turned positive on it's RS/spx. Disclosure I own both Ge/drys in core stock and call leaps. Both will outperform the spx in 2011. IMHO

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