CISCO (CSCO) Hasn't Made an All Time New High Since Aug of 2000....WHY?
SUMMARY
Cisco (CSCO) ran up the impulse tree as if a lion was chasing it!! The whole move was nearly vertical! The initial downturn of the correction was massive as result of the dot.com bubble fallout. Since then, it has risen incrementally in a very sideways and overlapping manner. When price moves are overlapping, it's an indication of a corrective or bounce type. Why hasn't CSCO able to make all time new highs since the year 2,000?
First, the extended 5th (blue) tells alot. The overlapping price moves show an ABC retracement of the sizable crash during the dot.com bubble. I believe this C wave is nearly complete. Price could reach higher highs and even reach towards the 0.618 from the current 0.5 Fib level. However, the correction is not yet complete and that's why a new all time high has not been made since the year 2,000. The remaining C wave down could be horrific as shown because it'll reach towards the wave 2 (blue). Most extended 5ths cause a deep retracement towards prior wave 2. Be cautious.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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With 30k followers, I wonder how much actual comments you will get on your post. I expect they'll all be like the one below.
I was wondering if you would like to admit that you colluded with Rancho from the beginning. I think that would be a very honorable thing to do.
he sold his honour ... LOL
goob frieds, i like....
can you do an analysis on Request Network (REQ)?
@haejin we welcome you to join Steemspeak https://discord.gg/9dk97mP
Great post!!
go for Gazprom
even the sanction on russia doesn't matter , oil and gas the world need.
Gazprom subliced 3/4 of Europe with gas and we paying a lot for the heatings. 10% on a day with buying and salling its easy to make. So try your luck if you like - and no im not russian
In a few years gas will not be used in Holland and who knows the rest of the EU will follow .. what then?
So what will you use to heat or cook? Coal, wood or electric? I think gas is not so bad for cooking or heating the house
I still need gas but the goverment wants us all to cook on electricity. It is expesive, you need an other stove for it plus other pans. All houses are heated with gas as well and they want to stap that as well. I asdume it is back to wood or? They say it will cost every household/ house about 3000 $ since I do not have that amount of money I think we will not be able to heath during long winters any longer.
@haejin, I'm on the email list for Bitcoin Live, looking forward to hearing more about your next project!
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Thanks again for sharing the info
Hi, I just followed you :-) Follow back and we can help each other succeed
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