Cup ‘O Naz III

November 2, 2000
Dave Baker

I took a look at Manugistics
(
MANU |
Quote |
Chart |
News |
PowerRating) earlier this week and last week as a
potential breakout based on the cup pattern that it formed through September and
October. After breaking out from 110, and then putting in a continuation move
over 113 the following day, MANU added another 10+ points. Currently it has
established a trendline (blue) acting as support. Of course, being a volatile
name, it is a bit extended from the line. Continue to watch MANU, as it is
currently a leader.

On the short-term map, Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating), which is
basically my favorite stock to trade, has formed an intraday cup-with-handle
pattern on the five-minute charts. Watch for a move over 54 1/2, which has
proven to be resistance intraday, and is the high from Tuesday. The next trouble
zone would be just under 55, the intraday high from Wednesday.