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The Chartman

Staying Bullish in a Sideways Market

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This sideways market is VERY annoying! But here’s the good news: It now looks like it’s formed an ascending triangle. That’s a good sign, as it’s generally a pause before a further move north. “Generally,” not always, but I’m more bullish than bearish right now.

Sometimes a stock makes a big breakout and you think it’ll go to the moon. Not so with Cisco (NASDAQ:CSCO), as it’s dawdled since late last year. But I’m still hopeful, and if it sinks further, I would be a buyer.

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Sometimes a break is so nasty, it says “run!” Such is the case with Intel (NASDAQ:INTC)!

Back next week to eat hot dogs, corn on the cob, and watch some fireworks!

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