Tuesday, April 05, 2005

Longs for Tomorrow

WC on a pull back to 54.50 level on low volume is a nice buy after the strong volume it has shown blasting through its 3 1/2 month base.

KRY gold stock is a buy with its high volume move. With a break of its March highs the buy confirmation will be recognized. Building a strong base since November with proper volume characteristics inside the base.

PLB breakout from cup (late Oct to Feb) and handle (Feb to now) on high volume.

APPX breakout from high cup (Apr 04 to Jan 05) and handle (Jan to now) on high volume.

ABB bouncing off 50 dma on big volume. A starter position is worth taking with a tight cut loss. Past two months has shown a lot of accumulation days after a quiet base. BOP on tc2000 is looking very healthy and green.

SCS Look at past 5 months volume in its base. Tons of accumulation. A breakout above 14.45-.50 is a go.

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