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Non-Tech : APCO Automobile Protection Company
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To: Dave H who wrote (576)12/18/1997 12:04:00 PM
From: James Strauss  Read Replies (1) of 3351
 
Reverse Ascending Triangle...

>>>Looks like we do have the beginnings of an ascending
right triangle -- a lower high and higher low -- but too
early to know though...but if it plays out, i'd look for
it to settle around 6 3/4 - 7 and then give at least a 1/2
a point move...that's about the move we've seen the last
two times such formations have happened with APCO. If it
remains in an an ascending formation that would be
especially bullish, I'd think--In general more buyers than
sellers, right?<<<
***********************************************************
Dave:

Drawing a horizontal trendline in the 5 5/8 area, and
drawing a trendline connecting the price peaks in the past
few months looks something like this...
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/
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/
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/
_______________________

This looks Bullish to me, as the Apex is behind us...
Looks like this Butterfly is still spreading its wings to
the upside...

Jim
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