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Strategies & Market Trends : APMP (formerly APM)
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To: kormac who wrote (8412)11/11/1997 3:34:00 PM
From: tom pope  Read Replies (2) of 13456
 
seppo, your call for a postmortem is timely because i've been asking myself why i shot myself in the foot on apm.

i held on to my apm until i bailed at an average of 24, so the following should be taken as 20/20 hindsight.

there were pretty good signs of a top starting in late august, when apm started a series of 2 lower highs and 2 lower lows into october, and then broke decisively below 30 around october 24. rudy should confirm whether i'm talking nonsense or not, but i think the moving average crossover and momentum indicators were callling weakness from early october. (thruout this period rudy was pretty consistently cautious to bearish on apm.)

so yes, i guess you could say the signs were there. i was just too pigheaded and trusting in mr crisman's words to heed them.
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