Generally, when I have a bullish Tenkan sen Kijun sen cross, I would have follow my chart and trade accordingly.
However, CSCO chart is showing 2 possible trends at the same time.
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Cisco (CSCO) : Taking a bearish view
Feb 22, ’10
11:02 PM
Cisco (CSCO) : Watch CSCO and its entry into China market
Nov 4, ’09
11:13 AM
This news was out 2 days back.
Maybe it is because the market is falling and little attention is paid to it. Another reason is the acquisition size is small. However, I think the significance is huge.
From Reuters:
Cisco Systems, Inc. Announces Agreement To Acquire DVN (Holdings) Limited Set Top Box Business
Monday, 2 Nov 2009 06:30pm EST
Cisco [...]
Cisco (CSCO) : Take profit as price cuts tenkan sen
Aug 6, ’09
10:23 PM
I took profit off my Cisco position as the price drops and cuts through the Tenkan sen on the Ichimoku.