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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (31327)10/25/1999 12:34:00 PM
From: NickSE  Read Replies (1) | Respond to of 99985
 
Mike,

Since CSCO is still above its bullish support line (at 56-57ish), I wouldn't really consider it a breakdown, more like a short-term correction in a long-term uptrend especially with relative strength being positive.

CSCO will though generate a spread quadruple sell signal if it breaks 65 and could test that 56-57 area, but it should hold up and remain in the bullish trend. BWDIK

quote.yahoo.com (low so far - 65 1/8)

Hope this helps,
Nick


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