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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: J.B.C. who wrote (23152)8/17/1999 9:21:00 PM
From: Tulvio Durand  Respond to of 34824
 
Cisco came within 0.25 point of breaking Triple Top today. Note that there are no lower lows showing on 2-box size. Price objective goes from 72 to 82 once it breaks triple top by painting 65, -- which should happen tomorrow by my reckoning since NASD futures are up 6 pts. as I write this. BTW, I am long CSCO. ;-)

Tulvio



To: J.B.C. who wrote (23152)8/17/1999 9:28:00 PM
From: James Strauss  Read Replies (1) | Respond to of 34824
 
CSCO...

Jim:

We do have a spread Quad...
equities2.barchart.com

Note that the column of X's is larger than the previous column of X's...

The bar charts are also showing positive indicators...
www2.windowonwallstreet.com

We should get a test of the highs in the 69.00 to 70.00 area soon...

Jim



To: J.B.C. who wrote (23152)8/18/1999 10:12:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34824
 
Hi Jim,

About CSCO. The triple is a bit of resistance for it and if you are long covering a portion of your portfolio may not be a bad idea right here. It did break a double top but the lower lows are a reminder that it is a little vulnerable in this market.

I wouldn't sell CSCO. Tons of support and covering it for insurance against any 10pt move or so to the downside would be prudent....at this juncture.

I had to say that.