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Technology Stocks : American Power Conversion

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To: David W. Taylor who wrote (2528)11/4/2002 10:58:36 AM
From: Paul M. Rengier  Read Replies (1) of 2574
 
David, can you explain why you think that there is a channel between 9 and 15. From the chart I read, that there is a new trend, but I don´t see a channel. I calculated the high of the latest breakout with 14.31, but this has been taken out quickly today and I´m out. I still can´t decide the final high, because valuations have changed. So my best guess is a maximum of 16.60, the years high. But before it reaches 16, APCC has to retrace a bit in the 12.70-13.00 region.

JMHO

Paul
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