Tuesday, April 1, 2008
PAX update
Refer back to PAX chart in the previous post, the recovery line will be crossing tommorrow at 3.23. PAX at 3.35 is a good buy (that is if you can still buy PAX tommorrow at 3.35). Risk is at 3.35-3.25 (price based on fluctuation) = 0.1, reward is 3.70-3.35 = 0.35 therefore risk reward ratio is 0.28.
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