Tuesday, March 8, 2011

At some point, Cisco is going to be of value. This monthly chart makes the case for 17.


Not shown is monthly stochastics at very low levels and looking for an upside crossover. 

7 comments:

bsi87 said...

I'm think more like 14 bucks for CSCO.

The Daily E-mini Trader said...

So you rely on stochastics quite a bit to time your entries? D tell. Thanks!

Keith
thedailyeminitrader.com

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Michael Kahn said...

stochastics has its place. this one is more on support with weekly stoch as supporting evidence only

Michael Kahn said...

Cisco hit 17 this week, announced its first dividend and jumped up.

Unknown said...

stochastics at very low levels and looking for an upside crossover.
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