Prior breakout candidates: Breakout home, 24May04, 25May04, 26May04, 27May04, 28May04, 1Jun04, 2Jun04, 3Jun04, 4Jun04, 7Jun04, 8Jun04, 9Jun04, 10Jun04, 14Jun04, 15Jun04, 16Jun04, 17un04, 18Jun04, 21Jun04, 22Jun04, 23Jun04, 23Jun04, 25Jun04, 28Jun04, 29Jun04, 7Jul04, 8Jul04, 9Jul04, 12Jul04, 13Jul04, 14Jul04, 15Jul04,

Breakouts for Jun 22nd: The past four weeks of breakouts have been very shaky, with only three stocks reaching their price objections compared to the 16 failures. Stops should be tightened in any stock showing a hint of weakness (higher than previous day volume selling), as the current market is crushing all attempts to climb out of the mire. AXCA rallied on heavy volume, following on from Friday's gains. The only current news is a presentation to be made at the TSX Canada day on Wednesday in New York, something in the works? CEDC gained on an outlook raise. The stock broke from a cup-and-handle consolidation on heavy volume. RSSYF gained on news of a successful test of its utility poles. RSSYF is a thinly traded OTCBB stock which has gained on some recent heavy volume accumulation. This is likely to die off over time, but the stock has no overhead resistance.

The "Nasdaq indicators" and "S&P 500 indicators" are secondary factors that help predict changes in their lead markets. When all indicators are in phase, long positions are favored, when in phase, short positions (or cash) are preferable.

Trail your stops. Breakouts are often associated with high volatility as prior resistance levels are breached. Stops should be moved to breakeven within 3 days of the trade. Reversals on heavy volume should be sold and reversals on light volume should be watched closely, often, these are bullish consolidations, but any increase in volume as prices decline should be sold as a cautionary matter - fresh candidates will always present themselves.

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