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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Lucretius who wrote (15122)	1/18/1998 2:36:00 PM
From: Ms. X	Read Replies (1) of 68098

Lucretius, I have to agree with Judy. On the Point and Figure side of things, Cisco is performing very well. Their daily and weekly momentum just turned positive and their monthly will cross to positive at 62. Their sector is weak, moving downward, but even so, Cisco is moving up. Their relative strengths suggests they are outperforming the market and will continue to do so. 59 gives them a double top buy signal and 61 gives them a triple top buy. Stock looks bullish and is moving above its uptrend line. I would suggest a buy if the stock pulls back to 55 with a stop of 51. I think it will move up however, on earnings expectations. I didn't think Judys answer was smug. She seems very savvy with the market and quite helpful. Best of luck to you. Jan

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