American Power Conversion Message Board

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Technology Stocks : American Power Conversion

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To: Candle stick who wrote (1380)	6/1/1997 4:19:00 PM
From: Mad Bulgarian	of 2574

Not to beat a dead horse into its constituent atoms, but... Maybe you can educate me a bit. Candle, I still don't see how you could call a breakout on May 27th. I look at this: quote.yahoo.com And it tells me that even now it's a tossup whether we are in a real breakout or just at the top of the range. Over the past few months APCC has tested the 22-22.5 range at least four times and backed off. Once in March we got into the 23s but that was a top. So for a real breakout we'd need the 24s, no? I just don't see a head 'n shoulders, inverted or otherwise. Oh well. P.S. Like I said before, I don't trade; I buy and hold. So this is just an academic disagreement of dubious value except for those contemplating a quick trade at these levels.

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