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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (764)	12/6/2004 9:16:39 AM
From: chowder	Read Replies (1) \| Respond to of 13449

Welcome aboard Dalin. >>> Would AMR qualify as a cup and handle breakout at 10, in your opinion? <<< If your objective was a short term trade, yes. The weekly chart is now showing that the move is coming up against major resistance. As a rule, price usually pulls back on the first test of a major resistance level. However, the indicators seem to be improving on the weekly chart. If it breaks out above the 50 week moving average, it will start to form a cup on the weekly chart. stockcharts.com[h,a]waclyiay[pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G dabum