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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (1231)	11/16/1997 12:23:00 PM
From: stan s.	Respond to of 1391

AXC, not a stock that trades well according to TA generally, so caution is advised. That said I will enumerate some signals that give intrigue to a possible day trade. Price up Friday by over 6% with volume up by 75% over norm. A Bullish Engulfing Line formed....Friday's price ate Thursday. An RSI bullish Divergence as well as a an MACD signal cross. Appears to be good accumulation and a strong Money Flow Index. Lower Bollinger has flattened......these combos have often, not always yielded a strong second day continuance rally. The CEO apparently bought 150,000 shares recently (according to the AXC thread, I have not checked) Be advised AXC had been in a dismal downturn. The risk reward ratio (price is a little over 3 bucks) is what makes this a possibly positive scenario. geocities.com Stan

To: stan s. who wrote (1231)	11/16/1997 5:35:00 PM
From: Rambi	Read Replies (2) \| Respond to of 1391

Hi stan, You seem very busy today! When you have a chance, could you give me your take on HELE? I picked up more in the 14's, but it didn't come back as strong as I thought it would Friday. HAd low ball buys in on a bunch of stuff, but didn't get anything but the HELE. Do you follow RMBS? Cold, but pretty! And here I sit...time to get out... Have you ever been to the Pocket Sandwich Dinner Theatre in Dallas? We went last night with the boys and had a great time. You might enjoy my post on DAR. A very silly evening. Thanks! Hope you're doing well after surviving last week. penni