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Wednesday, November 08, 2006 

Cisco Earnings, Bullish Feeling in overall US Indices

Chart courtesy of stockcharts

A new record high close for DOW at 12,176.54 and a new 2006 high for Nasdaq closing at 2,393.47.
I still believe that this rally will continue. We start to see some movement in the semi-condutors Index, with MACD back above 0 , I expect a breakout cenario very soon. Cisco could be the tone for another rally after posts higher quarterly profit.

That's All. Have a nice evening !!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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