With Cisco, Don't Just Do Something, Stand There!

OK, so you want to know exactly what to do with Cisco (CSCO Quote) right now? Nothing! That's right, just sit on your little hands and ignore it.

You see, the Cisco chart is giving a very clear "undecided" reading for now, but also a clear "when I do decide, it'll be a big move" signal for the future. Maybe that signal kicks in with the upcoming earnings call, or maybe it doesn't.

As a technician, though, I don't care. I just look for either the downtrend or uptrend line to be broken, and then I get on board the direction of the breakout. No fuss, no muss and for now, just sittin' on my hands!