Eaglesnest's  Instablog

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Hi All: I´m an individual investor that´s writting a blog for Spanish readers about North-American Markets, to share information and investment ideas in the other side of wide Atlantic. Improving knowledge about NorthAmerican markets to Spanish investors will help to improve confidence to make... More
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  • Cisco Systems made a nice Morning Star pattern on Weekly graphs... 0 comments
    Apr 30, 2011 6:18 AM | about stocks: CSCO

    Good Morning:
    Cisco Systems finish the week in good shape drawing a powerful Morning Star Pattern, that could lead CSCO to gain some lost ground lately, with extreme volatility.
    It seems to me that new rebalance of Nasdaq index helped giving Cisco Sytems an improve overweight as Nasdaq´s member. That kind of technical rebalances lead to fund and ETF´s managers to rebalance their portfolios that reply in their funds widely watching Nasdaq 100.
    Technically speaking and to finish; that kind of patterns at the end of a downtrend are widely follow by traders and in general by investor´s community.Graphs courtesy www.freestockcharts.com
    Have a nice week-end.

    Stocks: CSCO
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