Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: Box-By-The-Riviera™ who wrote (14994)	7/14/1998 4:14:00 AM
From: The ChrisMeister	Read Replies (3) of 77400

RE: "some csco TA.... Analysis of the rate of change of the exponentially smoothed average price suggests the completion of an uptrend. The rate of change is topping out and starting to decline. In this market this is a bearish indication that a reversal may occur soon." I also do quite a lot of TA. I agree that we've lost momentum short-term, but this doesn't necessarily mean a serious downtrend is in the offing. I think we're just consolidating the gains of the recent run-up. My work is fairly well guaranteeing higher prices sometime between now and earnings (w/no guarantee that we won't go a little lower first). So I agree w/what Jimbo said. I don't particularly pay attention to On Balance Volume. How can you tell if it's meaningful for a particular stock, and how reliable is a divergence in raising an orange flag? ChrisMeister

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