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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Aljorma who wrote (1189)	7/25/1999 6:20:00 PM
From: Vendit™	Respond to of 19374

This is my read on CSCO: You have 2 very bullish buy signals that just occurred......a Stochs 5-3-3 cross over in the below 20 range on the scale as well as a Williams bottom line that turned up and went positive as well. askresearch.com In this next chart you will notice a still declining money flow as well as a still declining MACD line. It is better to have at least the MACD 8-17-9 also heading in the same direction (positive) as both stochs and williams R before an entry is made but this is not to say that your entry level was a bad price. askresearch.com In the above MACD chart June 2nd and 16th are the last two MACD buy signals I see. So where is this all leading? In the bollinger chart below you will notice both a white candle as well as the fact that the stochs turned positive Friday. 209.67.221.61 In the above chart you will see CSCO trading in between the lower bollinger band and the middle 20 dma line. You should consider $63 1/2 the upper resistance. CSCO needs to make an open as well as a close above this line in order for it to have a shot at the upper band which is located about $68ish. The lower support level can be considered the lower band or about $60 to $60 1/2. I realize this can get a bit confusing but doing it every day will make this simple work. You will develope a feel for this the more you do it. You have a good CSCO entry as long as CSCO stays above $60. If CSCO breaks above the 20 dma of $63 1/2 then you have a shot at $68. Any stock tends to bounce in between these upper and lower bollinger bands and the center line serves as a medium term directional gauge. Vendit