Tuesday, August 19, 2008 8:35:36 PM
CSCO 60-min has a H&S top look to it. It needs a right shoulder, which should form tomorrow around 24.60-24.80. It may take until Thursday to complete the shoulder, but it could be finished by the end of the day tomorrow.
The implied target is a gap fill around 22.65, and it should get there by the middle of next week if it follows the regression of the move up.
If CSCO is going to drop like this, the NDX should follow.
The implied target is a gap fill around 22.65, and it should get there by the middle of next week if it follows the regression of the move up.
If CSCO is going to drop like this, the NDX should follow.
http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.
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