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

To: eaglains who wrote (8577)	3/24/2006 5:49:37 PM
From: sixty2nds	Read Replies (1) \| Respond to of 13449

eaglains, dabum, all, your comments/critique are welcome. Thank you all for tolerating my growing pains this week. I like this side of the wall. Let's assume SUNW crosses and holds $5 in the near term. Looking at a weekly SUNW chart which includes year 2000 I see the +/-$5.75 area as critical to further gains. There was 1 failure in this area in '03. Two more failures in '04. Most of '05 was spent basing. My intermediate term target is...don't laugh too hard...$8-$12. These are taken from the '01 time frame. Longer term target...laugh hard now...$18. In my opinion the 3,2, and daily charts offer supporting evidence. In this market environment when the ball starts rolling it is rockets and avalanches. I would offer BWNG as an example. The strength on display there is incredible a 2nd private placement in 1 month has not put a dent in BWNG. I had a very nice BWNG run but as Moggy might say I feared flying. I sold around $9-$10. No remorse.

To: eaglains who wrote (8577)	3/24/2006 7:45:46 PM
From: chowder	Read Replies (1) \| Respond to of 13449

Re: SUNW ... >>> When i saw your post, i didn't realize that you had seen a good entry earlier than it appeared here; <<< It was sixty2nds that brought SUNW to my attention. Once he brought it up, I looked at the chart, liked it and determined another buy set up since I missed the first one that the 6 man took advantage of. Because of the low price of the stock, I didn't have it showing up in my scans. I purposely leave low priced stocks out of my scanning process because I want to keep my participation in them at less than 10% of my trades. There are too many tempting low priced stocks for me to eyeball. I don't need the temptation. <g> SUNW looked to be worth the effort. dabum