AXO -
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     hershy
Member
Username: hershy
Post Number: 2271
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Sunday, May 10, 2009 - 02:21 pm: |  
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If I recall correctly, and I am too lazy to find out for sure, AXO was picked by Cap'n Carles for the weekly comp a few weeks back. AXXO is a name well known to a bunch of people who download stuff using peer to peer networks. AXXO is one of the good guys,a veritable legend. But I digress.
This AXO, with one less X seems to be one of the good guys too, in it's arena.
Having just broken out past a previous high it has began a period of consolidation which hopefully will not be a long one. As this pattern is known to suggests that this consolidation will be followed by a continuation of the trend leading to the consolidation; my target is 45 cents. There is marked resistance just below this target @ 42 cents and then nothing till the 60 cent zone.
Charles, are you holding ?
If so might one enquire what is your plan ?
I do it doji style !
http://members.optusnet.com.au/~hershy/
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hershy
Member
Username: hershy
Post Number: 3078
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Saturday, February 06, 2010 - 04:09 pm: |
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This one did not trade as expected. Took a while to hit the 43.5 cents and then tanked.
It seems to be making a brave stand while most others seem to be advancing to the rear.
The P&F chart gives a very clear picture the AXO is at breakout point, ready to move toward the last high, or better.
The weekly chart shows a one bar reversal made all that much more important when compared to the last two weekly bars of the XAO.
Please note the two gaps on the daily above the price action.
 
Don't worry about what people think; they don't do it very often.
The wise man, even when he holds his tongue, says more than the fool when he speaks
http://members.optusnet.com.au/~hershy/
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