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Thursday, May 10, 2012

CSCO - Daily

CSCO got killed after hours last night by its earnings report.  Once again, mathematical precision on the price movement continues to amaze me.  17.22 was the rectangle target as well as the horizontal support (now turned resistance).   This line is going to be drawn for a long time.  CSCO has another 4 hours to recapture it for damage control.

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