ajtj99's Market Pulse

[ajtj99]

CSCO slow stoch megaphone on the daily still has a ways to go to hit the bottom. Also, there is a possible H&S formation on CSCO that points to around $19:

http://stockcharts.com/def/servlet/SC.web?c=csco,uu[h,a]daclynay[pc9!c13!c20!d20,2!h.02,.20!c50!c100...

Max Pain for CSCO for May appears to be 22.50 or so now.

Weekly 50EMA was hit today at the LOD, and that will probably hold through tomorrow. CSCO has not closed below the 50EMA in a year. You can see what an inflection point it has been.

50-EMA on the monthly is also in that area for CSCO:

http://stockcharts.com/def/servlet/SC.web?c=CSCO,uu[h,a]maclynay[d20000429,20040429][pc9!c13!c20!d20...