Cisco (CSCO) chart analysis

Cisco (CSCO) rallied 104% in 413 days from March 2009 to April 2010, then in 222 days it corrected to 38.2% Fibonacci level of its previous rally at $19 in early December, see chart below:

Using history as reference, CSCO rallied from $8 to $29 in 479 days from Oct. 2002 to Jan. 2004, then it also corrected to 38.2% Fibonacci level of that rally at $16.83 before it spent another 400 days to more than double its price to $34.  If history will repeat itself, CSCO has reached bottom of its bull market correction and will reach $38 in early 2012.  These are very bold and you can say imaginative predictions, please don't base your decision on them, but rather focus on day-to-day price action.