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Started by Michael, February 14, 2006, 02:26:46 PM

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fous

#15
Support held at 14.02 and had a small rally today. Nothing too exciting by i aint got nothin to complain about here  :)

-fous
trade it like you mean it!

fous

Though we are down on the day the day im generally pleased with todays action. Support still holding up at 14.02 and todays candle formed a bullish hammer candle right at support. Candle formations are much more reliable when formed near support/resistence areas. Im hoping to see a nice rally next week.

-fous
trade it like you mean it!

fous

Had to love todays candle, rallying off of support and following the bullish hammer candle. Though volume still is significantly low with avergage around 500k and the last week comin in the low 100's. Hopefully this rally off of support will bring in some new bulls looking to by on the rebound.

-fous
trade it like you mean it!

fous

Retraced again today after yesterdays small rally. Volume still diminished. Though Support is holding up very niceley on the ascending trend line. Switching my trading plan ever so slightly. Hold as long as price action closes above the ascending trendline.

Current Stop Loss: 13.98
Target: 17.54 - descending trendline falling at .038/day
Ascending trendline: Rising .16/day

-fous
trade it like you mean it!

fous

Sold Today near the close for a small gain

-fous
trade it like you mean it!