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Technology Stocks : American Power Conversion

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To: Candle stick who wrote (1439)	6/10/1997 2:31:00 PM
From: peter shi	of 2574

I have to defend for Candle! His recent analysis is excellent, and in fact to some extend his conclusion is obvious. APCC had a clear break out after the inverted head-shoulder (about $20-21). Then it touched the upper band in the next two weeks. Unfortunately, the volume had been low, which do not justify a further up trend. Candle sold at $23 3/8. Next day, I sold at 24. Since then the stock has retreated. APCC will run up again, which I believe very soon. We have to wait for a clearer up trend signal---either increased volume with price up, or a clear base pattern which repeat what happened last time. Good luck

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