Thursday, February 9, 2012

CSCO Beat last night and was up 2.4%

So what happened this morning?
 CSCO is trading down about -2.24% this morning, leaving last night buyers at a nearly 5% loss on  open trade

So what happened, the charts below seem to explain, there's no need for annotations the divergences are clear...

 CSCO 15 min 3C

 30 min 3C

60 min 3C

DIS is also trading back below it's breakout to new highs right before earnings...

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