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

To: chowder who wrote (7072)	1/12/2006 9:58:25 AM
From: chowder	Read Replies (2) \| Respond to of 13449

Re: ANSS ... WOW! This was a great set up. This message is linked to the original analysis. As I said in that analysis, when going counter trend, make sure you have a compelling case to do so. ANSS was a compelling case. In one day ANSS has reversed, as expected and hit the price target of $1.50 per share, up 4.1% in one day. I am still in the trade and setting a stop at $37.75. stockcharts.com[h,a]daclyiay[d20051012,20060112][pb20!f][vc60][iut!Lc20]&pref=G dabum

To: chowder who wrote (7072)	1/12/2006 4:32:23 PM
From: chowder	Respond to of 13449

Re: ANSS ... I am now out of this trade. This trade was a swing trade set up, a trade that was to be held 2-5 days with a profit target of $1.00 to $1.50 in profits. Original analysis: Message 22048996 ANSS has achieved the price target and more. Price movement was so strong yesterday, I decided to hold once the $1.00 profit target was achieved. Once price hit the $1.50 price target, I decided to switch to a 60 minute chart and track the lows on the hourly chart. The technique known as tracking the lows allows you to stay in the trade as long as price continues to rise. The objective is to place a stop 6 cents below the previous hours low. In other words, you are out on the first red candle that sets a lower low on the hourly chart. This chart will show the two day action from entry, to price target, to closing out the trade. ttrader.com The trade was a swing trade with a 2 to 5 day time frame. I kept the trade within those parameters as price exceeeded the price target. For the two days, up $2.42 per share or 6.6%. dabum