Thursday, December 9, 2010

12-09 CSCO revisited

A very ugly chart, given the huge gap down.  It appears we currently have 2 shorter cycles up for about 5-6 trading days.  It also appears very limited upside ($19.90-20.00).  I do not see a lot of upside or downside at this time - trade in a $19-20 range for now IMO.

Here is the chart:

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