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What the Charts Say about Wynn and Cisco

Thursday, 3 Nov 2011 | 6:36 PM ET
Cramer Looks at Cisco
After a disastrous quarter can Cisco get back on its feet? Mad Money host Jim Cramer discusses.

The market these days is dominated not just by Europe but also by the charts, Cramer said Thursday.

While the“Mad Money” host always picks stocks based on the fundamentals, highly regarded Wall Street technician Dan Fitzpatrick has his eye on two different stocks that seem to have radically changed direction recently.

First, Cramer fave Wynn Resorts is not a favorite of Fitzpatrick’s. Based on the charts, he thinks this winner is becoming a loser. And Cisco Systems , a “long-time loser” is starting to look like a winner.

To further explain Fitzpatrick’s view, Cramer went “Off the Charts.” Watch the video to see the full report.

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