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  Downtrendline break... breath... continuation up Monday
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mikeanthony5...@gmail.com  
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 More options Oct 31 2008, 5:16 pm
From: mikeanthony5...@gmail.com
Date: Fri, 31 Oct 2008 14:16:47 -0700 (PDT)
Local: Fri, Oct 31 2008 5:16 pm
Subject: Downtrendline break... breath... continuation up Monday
Based on TA, this stock is flashing several important buy signals.
Thursday's expansion breakout bar (1) broke the downtrendline (2) on
strong volume (3) showing confirmed interest (4) with ADX downtrend
strength declining, (5) a MACD-histogram slope reversal and imminent 0-
band upcross and (6) stochastics 20-band upcross. If I could show you
a picture on this forum, I would.

I got in today at 1.95, in expectation of a near-term 2.15 x 2.23
profit taking and ultimately a return to the 2.70 price consolidation
range. I expect this before earnings release on Thursday, Nov. 5;
everything after that will be based on the changed fundamentals of
that report.

But based on technical analysis, this is a very low risk play. My
trailing stop is near 1.80- the previous resistance line that now
serves as support.

Best of luck to you! Remember- no matter how many technical signals
are in your favor, the market is always right. Always use a protective
stop-loss!


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