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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (127)	1/22/1998 9:40:00 PM
From: Ken W	Read Replies (1) of 29382

Sergio, A thousand pardons for my brief posting regarding AXLE. Surely the BAAT post was self explainatory even to a novice trader. hehe, okay watch your language! Regarding AXLE, it bounced off of it's low, which to my mind is the beginning of a signal. However, the majority of the trades were at the ask. Given the range of the stock between 1.25 and 2.25, it was merely mentioned here as a trading opportunity for those with the where with all to do so. I do believe they call it channeling. Looking at the shorter term chart the stock is oversold, RSI is turning up and approaching the positive area, Momentum is turning up also. Jeez you get soooo picky :-) Ken W

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