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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Iceberg who wrote (37524)	6/14/2000 11:12:00 AM
From: Tulvio Durand	Read Replies (2) \| Respond to of 77400

Ice, yes, I was referring to PnF chart (shown below). Now that 66 has been painted, the Triple Top ceiling at 65 has been broken -- a very bullish sign. 67 -O X O X ----O X ----O X O X O X O X ----* --------------------------------67 - 66 O X O X O X O X O X O X O X O * x 66 65 -O --O X ----O X ----O X O X O X O X O ------* --------X --X --x------- Med65 - 64 O X O O X O X O O O * X O X O x 64 63 O O X O X O * X O X O x 63 62 O X O X O X * X O O 62 61 O X O X O X O * X 61 60 ---------------------O X O ----------O X O --------X --6 ------------------60 - 59 O X O X O X O X 59 58 O X O X O X X O X * 58 57 O X O O X O X O * 57 56 O O X O X * 56 55 -----------------------------------------O X --X O X --* ------------------55 (Source: DWA & Associates) The "Med 65" refers to the middle of the price distribution curve: ie, the price is not overextended at this level and has room to run. Should the market turn South, 62 is strong support. But if it broke by trading at 61 -- look out, for that would be a Triple Bottom break -- a strong sell signal. Tulvio