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Sunday, January 07, 2007

Watchout for Cisco (CSCO)


Cisco Systems Inc has been on a roll since August 2006. Presented below is the 3 yr weekly chart. As you may see, it is near its resistance of $29. Also notice that the most recent upside has come on light volume. Just a cautionary note. There is a good chance for CSCO to consolidate and recede.

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Disclaimer:The investments discussed in this blog is my personal opinion. Investors must make their own investment decisions based on their specific investment objectives and financial position. Investing idea takes no responsibility for the accuracy of the information provided.