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To: Perspective who wrote (19010)	9/17/2000 7:18:06 AM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

My Technical Story of the CSCO Inch Worm The CSCO story for me reads like this... Price has remained in a nice up-channel since the dawn of CSCO time. This channel is approx. a 100% price channel and slightly narrowing over time, i.e., $5-$10, $10-$19.50, $20-$36, and so on. Price has been like a little worm munching its way through a rising branch -- the branch of course is narrowing. Coming off the 1998 lows, it climbed out of this channel in late 1998 and grazed upward along the top of the channel, quite perfectly, for almost a year. The worm eats a hole up through the overhead bark and crawls along the top. Then, in the 1999 fall blastoff, it went parabolic giving us the March high. The worm gets the bright idea to step onto another branch that is very handy but rising too sharply for its little legs to deal with. Now, even if it were to just come back to the top of the very old and strong price channel it would be testing approx. $51 (As of Fri and rising). If it were to return to its bullish equilibrium it would be a range approx. between $30-$51 (as of Fri and rising). So, CSCO could fall to the mid-$30's within, say, 90 days and still be in quite perfect bullish equilibrium. (The very s-t test for CSCO if it is going to pop, is the bottom of the wedge/tri it has fallen out of as of this past week -- at ~$64.50 Monday and rising.) BTW, I make your CSCO line as having to go through the '98 lows. I do draw these lines, albeit in a "lighter" colour, and I see your point, but on a log chart it does not seem to work. I only glance now and then at linear charts. Perhaps I am still not seeing what you are seeing. Cheers --Allan