AMIGOS INVITATIONAL YEEHAW PORTFOLIO Message Board

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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO

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To: Sergio H who wrote (814)	7/31/1999 2:28:00 PM
From: Doug R	Read Replies (1) of 1316

Thanks Sergio, My take on the chart is that the volume supported breakout over that nearly 2 year inverted head and shoulders means APEX is currently trading at the low end of a new range. In the face of recent market weakness, it's holding the breakout so far. Sitting right on the line as of Friday though. Some positive divergence in the technicals and a few hinges on some of the really short indicators suggest it wants to hold support. A break below the neckline could get "scary" with intermediate term support in the lower 20's. It would move back up over several weeks to retry the breakout if it dipped there. A first alert indicator on it here would be the 39, 3, 26 stochs. If the market is still in full down mode on Monday, things could get tricky for it since it's right on support. Doug R

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