July 24, 2011

  • Click the charts to enlarge.
  • CONCLUSION
  • Daily close above 1356 will favor bulls for a target of 1370.
  • Getting resisted @ 1356 may take price back to 1323 and 50 Day Moving average.
  • One can stay Long above 20 hour moving average. Things will favor Bears below 20 Hour MA.
  • CISCO HITS 20 WEEK MOVING AVERAGE

  • click the charts to enlarge and read the description clearly.
  • Conclusion.
  • Watch for level 11022 - 11426 and 200 DMA. Watch these levels on closing basis.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore