APMP (formerly APM) Message Board

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Strategies & Market Trends : APMP (formerly APM)

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To: The Vet who wrote (2636)	8/27/1997 11:27:00 AM
From: Rudy	of 13456

The Vet >My big fear for APM today was the DOW< As I wrote on Aug 13, I sincerely believe that we'll see Dow around 7400 if not lower at around 7100. The DOW correction is still on it's way. Interesting phenomenon is the NAZ divergence. Aug. 13, DOW was 7960 (now down 253 points or 3% more) and NAZ was 1576 (now at 1587 up 11 points). Slowly but surely the two indexes are diverging. Similar divergence between Large Cap x Small Cap also exist. This correction will affect APM, but I think we have a nice floor at 35-3/8 now. The stronger the resistance was at a point the stronger support it constitutes after it's broken. I certainly foresee a pullback from APM paralel to market action but likely that we'll see less damage. Good luck.

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