Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: chowder	3/29/2006 8:43:00 AM
	Read Replies (2) of 13449

3/29 SET UP ... OSIP (short) ... Swing Trade .............. OSIP is on the verge of a break down after forming a double top pattern. OSIP has sold off hard each time it reached a recent price high. The recent pull back is showing a series of bearish wide range bars and would indicate that we have a buyers strike since price is selling off on lower than average volume. Yesterday's bearish candle closed at the 50 day moving average and if price drops below, we could reasonably expect the next leg down. stockcharts.com[h,a]daclyiay[d20051229,20060329][pb50!b20!f][vc60][iut]&pref=G Entry target $30.32. Initial stop loss $31.44. Profit target $1.25 - $3.00. dabum

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