Two stock charts and a graphic appear below. The first chart shows how 
the stock looked on our weekly charts when it gave an ABC Float Set-Up Buy
Signal.  The second chart shows the resulting price move. Notice how the stock 
found support at its 50% float channel line on several occasions in the recent 
past. The purpose of these charts is to demonstrate the power of Float Charts 
and the principles of Float Analysis. 

Feel free to share these charts with others.

Kerr McGee (KMG)
Support at the 50% Float Channel Line
An ABC Float Set-Up Buy Signal

KMG made a bottom formation during 2003 and its price has been rising 
ever since. In the upward move, the stock has found support three 
times at the area of its 50% float channel line. Most recently we got a buy 
alert on January 28th, 2005 weekly chart and the stock is up 35% in 
8 weeks.

See both charts and the graphic below.

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