|
PureBytes Links
Trading Reference Links
|
I'm forwarding this to the Metastock list from the Realtraders forum
with the permission of tha author. I felt it was an interesting analysis
and worth looking at by our list.
I was asked also to mention that the author has no commercial
motivations and that certain material is the intellectual property of
persons mentioned in the his emails.
In a private email the author also stated that he left the Metastock
list several months ago because of the hate mail he received for sending
HTML files and attachments. It looks to me like he has a lot more to
contribute than some of the whiners I've seen here.
John ManascoReturn-Path: <owner-realtraders@xxxxxxxxxxxxxx>
Received: from accessone.com (list.listserver.com [198.68.191.15])
by box.okeechobee.com (8.8.7/8.8.7) with ESMTP id LAA01231
for <manasco@xxxxxxxxxxxx>; Tue, 25 Aug 1998 11:51:54 -0400
Received: from localhost (localhost [127.0.0.1])
by accessone.com (8.8.5/8.8.5/PIH) with SMTP id IAA27860;
Tue, 25 Aug 1998 08:42:27 -0700 (PDT)
Received: from UPIMSSMTPUSR02 ([207.68.143.138])
by accessone.com (8.8.5/8.8.5/PIH) with ESMTP id IAA26748
for <realtraders@xxxxxxxxxxxxxx>; Tue, 25 Aug 1998 08:31:08 -0700 (PDT)
Received: from default - 153.37.131.224 by email.msn.com with Microsoft SMTPSVC;
Tue, 25 Aug 1998 08:30:53 -0700
Message-Id: <007c01bdd03e$44bc9000$e0832599@xxxxxxx>
Date: Tue, 25 Aug 1998 11:37:27 -0400
Reply-To: OnWingsofEagles@xxxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "Gitanshu Buch" <OnWingsofEagles@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: STK: CSCO range expansion?
MIME-Version: 1.0
Content-Type: multipart/mixed;
boundary="----=_NextPart_000_0078_01BDD01C.BC5216C0"
X-To: "RealTraders Discussion Group" <realtraders@xxxxxxxxxxxxxx>
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 4.72.3155.0
X-Mimeole: Produced By Microsoft MimeOLE V4.72.3155.0
X-Listprocessor-Version: 8.1 -- ListProcessor(tm) by CREN
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=x-user-defined http-equiv=Content-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 size=2>Hello everybody</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV>In continuation of the "strong stocks in weak markets" thread, my
work indicates that we are witnessing a range expansion to the upside in CSCO
<FONT color=#000000 size=2>from a low volatility environment. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>My logic: </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>a/ +DI > -DI and ADX around 25 indicates
upside breakout in a strong trend strength environment.</FONT></DIV>
<DIV><FONT color=#000000 size=2>b/Momentum accelerating, </FONT></DIV>
<DIV><FONT color=#000000 size=2>c/39 period EMA good support, </FONT></DIV>
<DIV><FONT color=#000000 size=2>d/MACD positive crossover 2 days ago,
</FONT></DIV>
<DIV><FONT color=#000000 size=2>e/Price coming off overbought in the past 3
days</FONT></DIV>
<DIV><FONT color=#000000 size=2>f/Yesterday (8/24) was the narrowest range for
past 4 and past 7 days = range explosion imminent.</FONT></DIV>
<DIV><FONT color=#000000 size=2>g/ Short term historical volatility under 50% of
long term historical volatility = coil about to be sprung.</FONT> </DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>According to Swing Trade Theory (examples from
Street Smarts and others). a breakout above </FONT><FONT color=#000000
size=2>104.50 will confirm upside cascade move, and a b</FONT><FONT
color=#000000 size=2>reakout below 102 3/8 if penetrated will indicate a down
swing.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>At present (11:21 ET), CSCO is strongly bid at
the upside breakout level - and the only foreseeable resistance is the recent
all time high of 104.50 set on July 21 - pretty darn close to the breakout
level. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>CSCO has an EPS rank of 96 and a Relative
Strength rank of 97 - for the followers of CANSLIM breakouts.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2>Regards</FONT></DIV>
<DIV><FONT color=#000000 size=2>Gitanshu</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV>Statutory Disclosure:<BR><BR>At the time of this writing, I am long Cisco
derivatives. This is not a<BR>recommendation to buy or sell any security, this
email shares a method<BR>available publicly as modified with my own
analysis.<BR></DIV>
<DIV> </DIV></BODY></HTML>
</x-html>
Attachment Converted: "c:\eudora\attach\CSCO2.gif"
|