SilentOne wrote:Time to hedge longs or short outright. I’ve sold Feb. calls against the long CSCO dated calls. I will keep the underlying.

My worry is that the indices have not seen the full brunt of the Hurst 4.5 year cycle and that a high seen here could bring a sharp correction near term. I’ll post an $SPX Hurst analysis on the weekend to show why this could occur.

In the meantime CSCO will probably not take out that long term trendline here.

cheers,

john

John:
I think it is about to burst up as soon as it can log a DAILY/WEEKLY CLOSE >= 20.54. Current reading is 20.46. If >=20.54 CLOSE doesn’t occur yet CSCO can churn between 19.77-20.54 for a bit.

See attached mathematical model based on CSCO’s PRICE with STOPS & TARGETS.

Good luck!

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