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

To: Yaacov who wrote (47125)	1/19/2001 3:50:04 PM
From: Tulvio Durand	Read Replies (2) \| Respond to of 77400

Yaacov, here's an updated CSCO Point and Figure chart. 62 * \| 62 61 * \| 61 60 ---------* --* ------------------------------------\| ----------------------60 - 59 X X * X * \| 59 58 X O X O X O * \| 58 57 X O X O X O * X \| 57 56 X A X O X X O X O * \| 56 55 ---O --O X O X O ----B O --------* ----------X * --\| ----------------------55 - 54 O X O X O X X O X X X * X O * \| 54 53 O X O X O X O X O X O X O X O * X X O * 53 52 O X O X O X O X O X O X O X O * X O X O \| * 52 51 O X O X O X O X O X O X O * O X X O X O \| * 51 50 -------O X O --O --O X O X O * * --O X O X O X O --\| ----* ----------------50 - 49 O O X O X * O C O X O O \| * 49 48 O X O * O X O X O \| * Med48 47 O X * O X O X * O \| 47 46 O * O O X * O \| 46 45 -------------------* ------------------O * ----O --\| ----------------------45 - 44 * O \| X x 44 43 O \| X O x 43 42 O X \| X O X 42 41 O X O X O X 41 40 -----------------------------------------------O X O X O ----X ------------40 - 39 O X O X O X 39 38 O X O X O X X 38 37 O X O X O X O X 37 36 O 1 X O X O X 36 35 ---------------------------------------------------O X O X O X ------------35 - 34 O X O O 34 33 O X 33 32 O 32 31 \| 31 30 ---------------------------------------------------\| ----------------------30 - 29 \| 29 28 \| 28 0 \| 1 ----- It gives the following story: Staring with 8th column from right, (the one with 18 O's) A sell signal was given when price broke Double Bottom at 49 ( ie. the lowest value in 10th column). A sell signal was given at 47 when breaking Bullish Support Line (the ascending line of 's). This one is very significant sell signal. A sell signal was given when breaking Double Bottom at 45, ie., price lower than lowest value in 12th column. Moving to 6th column from right, the last sell signal was given in January when breaking Double Bottom at 36. The 5th column from right, of ascending X's, gives the first buy signal when breaking Double Top at 42, the highest X from column 7. --- being the first buy signal after the last sell signal, the column of 12 X's tells us the LT Price Objective is 69. (123*1+33 = 69). The 2nd column (from right) of O's reached down to 34 and the Double Bottom there held -- which is good news. The rightmost column of X's broke Double Top at 39 thereby created a buy signal.. Another buy signal would result at 45 by breaking Double Top at 44. Another, and more significant buy signal would result by breaking the Bullish Resistance Line currently at 48. These buy/sell signals are useful for entry/exit timing. Right now CSCO price looks extended and 44 is acting as ovrhead resistance. A trader might consider this as a shorting opportunity. Conversely, 39 or below is good entry point. The basics of Point and Figure charts are explained at site below 209.50.238.61 Regards, Tulvio