APMP (formerly APM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : APMP (formerly APM)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AlienTech who wrote (8443)	11/12/1997 2:53:00 AM
From: Rudy	Read Replies (5) of 13456

A few TA observations: Dow, Naz, CREAF, COMS, LGWX, SGI etc. DOW - 7558: Week trend is down. 30Wk MA at 7689.5. Resistance is at 7630. Day trend is down also. 200 DMA at 7453.5. Support is at 7450 and 7165. Still choppy and undecided DOW may recheck below 7500 or break resistance at 7630 suddenly and settle inside the trading range between 7630 and 8270 at least until new year. NAZ - 1585: Week trend is down. Daily trend is also but close to oversold. Support is at 1550 and resistance at 1695. It may well stay between these levels until new year. Would be scary if breaks below 1550 as did during "Blue Monday". As to components of Nasdaq, Cisco looks good but I think INTC is in downtrend, MSFT looks like topping. Did not check DELL. Seems like most individual Nasdaq stocks are in more trouble than the Index itself. Russell 2000 - 433: Week trend down. Support at 420. Daily is down and oversold. If breaks below 420 there is strong support at 370 which would be devastating for a lot of small issues. APM - 17-7/8: Strong support is at 14 and it looks very likely to test that level within a week or two. CREAF - 28-1/4: Continuing uptrend in a channel. Likely to touch upper boundry at 32 before turning down again. QNTM - 27-7/16: Broke below suppport at 30-3/8 and 30 WK MA at 28.946. Next support is at 24 (strong). Short term trend is also down but oversold. 200 DA is at 26.65. Last three days dropped with above average volume. ADX is bearish. SEG - 24.5: Broke below support at 26. Next level is 20. ADX is bearish. COMS - 35-1/8: Broke below strong support at 35-1/2. At two year low. Very bearish. No solid support level until 29. LGWX - 8-3/4: Weekly down. MACD turned bearish. Support at 8-3/8. 30 WK MA is at 7.783. Daily trend turned up from oversold on very high volume (bullish). 200 DMA is at 7.346. Resistance is at 9-1/4. Short term bollinger along with daily MACD sloping up suggests that resistance can be broken shortly. This may be a local bottom. SGI - 13-1/8: Very ugly. Weekly down. RSI at 34.6 close to oversold. Support is at 13, just being tested. Next level is at 11-1/2. Right now it is at 4 year low. Needs a shot of revival. Maybe an acquisition offer??? Who knows? Even than it may not get an offer more than 2 year ago's price. QCOM - 62-5/16: Weekly is down. Support at 61. Daily is also down. May test 61 soon. Not far from recent all-time high at 68-1/2. Good luck all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next