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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: rcksinc who wrote (929)	6/11/2008 11:53:26 PM
From: AllansAlias	Respond to of 3209

Kind words. Yes, I share your view, and ski's, that there is some danger right here now for the bear case. It's the recent overlap in the Dow, but especially for me in $XMI that is a worry.

To: rcksinc who wrote (929)	6/12/2008 12:18:45 AM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

CSCO and GILD are two of the nicer looking mega-cap wedge setups out there. First, here is GILD, in what appears to be an ending diagonal bearish wedge, complete with cute little throwover to the upside last week. Target would be a lock for $49.50 and likely that $42.50 area in the longer-term. Now, CSCO... This one appears to be a B wave wedge (a-b-c-d-e). The target here would be at least $18 I think. It is worthwhile to check out the wider context on CSCO. See this post/chart from May 10: Message 24578365