Hi Peoples

I am unsure if this is possible but would like to give it a diy try.

What I would like to do is automate my lathe when I am making small spindles.
I am unsure of all the jargon Y axis Z Axis but to give you an idea I have included a picture of a copy attachment for large spindles to give you an Idea of the aim.

So what I need to do is have it move along the spindle and in and out when required, so I guess thats two axis's?
I understand how stepper motors work and have a good grasp of electronics so that should be fine, but am unsure of how I can obtain and I guess from who I can obtain the parts to do this.

Has anyone tried this?

I have done a search but haven't come up with anything that helps.

Thanks In advance Willy

Something like this, but bigger. http://www.cnczone.com/gallery/showphoto.php/photo/62/cat/9005

Same idea but I can do up to 24" by 10'

http://www.turningaround.org/4_axis_mill.htm
http://www.turningaround.org/MechMate/EvolutionProjects.htm