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Strategies & Market Trends : APMP (formerly APM)

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To: The Vet who wrote (2135)8/21/1997 2:53:00 PM
From: Greg R   of 13456
 
Vet - My powder just got wet. APM has broken loose of the last down trend around 11 AM that I was showing and is climbing the trans-set up. Also, it has demonstrated that it has finally broken free of the DOW.

Intraday showed a nice Inpathique pattern which led me to expect a best buy of $35.5 at 2:15 My order was not filled so I took $35.625 with both feet and one arm. S*&#^))% - added comment!

Next stop as I see it is a minimum of $38.50 on Sept 17 with a probability of a better price a few days before. That marks the end of the first phase of the mini-bull run i.e. the first X-over. Depending upon how far it over shoots the $38.50 will determine whether I take short term profits for a few days before getting back in or simply hold.

Second phase of the mini-bull run as I see it is $57 mid November.

Good luck

Greg
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