A Few charts trending, all bearish. Cisco is still testing
Vimpel communications a Russion telcom company equivilant to an AT&T before the break-up!
VIP has competed with Mobile Tele (MBT) as the smaller player for the past decade or so – but this year became the bigger of the two.
Bullish trend testing support so far so good, look for it to rise to the top of the channel, safe zone.
Google has exibited very strong technical trading since IPO, this is the first time she has broken through the trend line shown and has continued to punch through. very bearish signal.
Cisco is a value play here at these levels, technically it is oversold and it has 25B$ cash and it has 17% forward guidence thats CONSERVATIVE. this will rise into its upper trend channel i have drawn for you. if support does not hold (unlikely) we will drop to next support.
Apple’s chart speaks for it self, it has held its very bullish and steap uptrend, its deviation from the trend in APRIL of 07 marks the last time this bull has been taimed. It advise to go short here, we broke trend hard. we could fall to 90 if the market continues to decline to around 11,500 range. IF this does happen i believe its healthy and the capulation feels nice.