(function() { (function(){function b(g){this.t={};this.tick=function(h,m,f){var n=f!=void 0?f:(new Date).getTime();this.t[h]=[n,m];if(f==void 0)try{window.console.timeStamp("CSI/"+h)}catch(q){}};this.getStartTickTime=function(){return this.t.start[0]};this.tick("start",null,g)}var a;if(window.performance)var e=(a=window.performance.timing)&&a.responseStart;var p=e>0?new b(e):new b;window.jstiming={Timer:b,load:p};if(a){var c=a.navigationStart;c>0&&e>=c&&(window.jstiming.srt=e-c)}if(a){var d=window.jstiming.load; c>0&&e>=c&&(d.tick("_wtsrt",void 0,c),d.tick("wtsrt_","_wtsrt",e),d.tick("tbsd_","wtsrt_"))}try{a=null,window.chrome&&window.chrome.csi&&(a=Math.floor(window.chrome.csi().pageT),d&&c>0&&(d.tick("_tbnd",void 0,window.chrome.csi().startE),d.tick("tbnd_","_tbnd",c))),a==null&&window.gtbExternal&&(a=window.gtbExternal.pageT()),a==null&&window.external&&(a=window.external.pageT,d&&c>0&&(d.tick("_tbnd",void 0,window.external.startE),d.tick("tbnd_","_tbnd",c))),a&&(window.jstiming.pt=a)}catch(g){}})();window.tickAboveFold=function(b){var a=0;if(b.offsetParent){do a+=b.offsetTop;while(b=b.offsetParent)}b=a;b<=750&&window.jstiming.load.tick("aft")};var k=!1;function l(){k||(k=!0,window.jstiming.load.tick("firstScrollTime"))}window.addEventListener?window.addEventListener("scroll",l,!1):window.attachEvent("onscroll",l); })();

Tuesday, July 17, 2007

StockWatch: CSCO

CSCO has formed a base and is approaching a very important milestone - the $30 mark. It touched $30 briefly yesterday, but was not able to break out. From the 10 year chart below, you will see why $30 is an important mark for it to clear - it was a previous resistance way back in 1999 and at the start of 2004. If it is able to breakout of $30, next target will be $35.


posted by Simply Options Trader at 4:26 PM PERMALINK


3 Comments:

Blogger Doug said...

Hi,
I was wondering if I could get a link on your page. I put yours on mine. Thanks

--Doug
www.tomorrowsnewspaper.blogspot.com

9:35 AM  
Anonymous Anonymous said...

Do you think even after that many years the chart way back then will have an affect on trading now? If so then I guess that means more people look at charts than just trading only on fundamentals probably.

12:49 AM  
Blogger Simply Options Trader said...

Hey Doug, thanks! Will check out your site.

Hi Reno, yes I do think so. There is a story behind every chart and prices do have memory. When a stock is trading at 52 week high, look back at the 2 year chart or as far back as you need to see the next resistance or support level. That's what I do :)

1:20 AM  

Post a Comment

<< Home