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

To: chowder who wrote (7670)	2/2/2006 10:18:10 AM
From: Tapcon	Read Replies (1) \| Respond to of 13449

Trying to get a better understanding here, Bum. Looking at the weekly chart you indicated at 2/1 SET UP ... AX ... Long term ........................... Weekly chart: stockcharts.com[h,a]waclyiay[d20050202,20060202][pb20!b40][vc60][i... Entry target $59.62. Initial stop loss $52.75. Profit target $10.00 - $17.00. Wouldn't you run into overhead resistance fairly quickly at the pivot point sitting just above 61 or so from last week in Nov?

To: chowder who wrote (7670)	2/23/2006 7:08:14 PM
From: chowder	Respond to of 13449

Re: AX ... On a day when the markets sold off, AX is showing terrific strength. This play was presented on 2/2 and we got the anticipated break out. AX made a strong price move today and was accompanied by an increase in volume above 100% of the daily average. When you consider the market conditions today, and the price action in AX, it would indicate to me that what we saw today was professional buying. The profit target on this one is $10.00 - $17.00, so I'll be holding here and not taking any quick profits. stockcharts.com[h,a]daclyiay[d20051123,20060223][pb10!f][vc60][iut]&pref=G dabum