Replies to post #86 on FDA Charts

[rickochey]

thanks.. i saw that volume and decided to hold. I couldnt see it falling since it was a buy day. Sooner or later I'll have some of this figured out..lol

[PlanTrader]

rick, I forgot one thing... a huge volume spike after a runup has already occurred can signal runup "exhaustion". It's a good sign at the beginning of a breakout move, but not always such a great sign often when it occurs after a nice runup has already occurred.

[TheBioTrader]

Very good explanation and you have to be very careful when you see a red candle after a huge spike. Thanks PT for explaning.

I see a bullish engulfing candle formation which represents the bullish trend reversal.

http://www.americanbulls.com/StockPage.asp?CompanyTicker=ANX&MarketTicker=AMEX&Typ=S