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Cisco (CSCO) has started down again, after recovering from the last
market correction.
It made local highs on 3-27 at 53.5, and 5-28 at 70.125.
These form the top (resistance line) of the expected up channel.
If the support line of this soon-to-be channel starts at the low on
4-28 at 45.875, and has the same slope as the upper line, then
it will pass through 60.125 on 6-25.
My previous exercise at predicting a channel for ASND worked out
pretty well, except that yesterday ASND got cut by some brokerage
house and got creamed. Ouch!
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