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Non-Tech : APCO Automobile Protection Company
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To: Amigo Mike who wrote (827)1/22/1998 4:00:00 AM
From: Doug R  Read Replies (2) of 3351
 
Mike,

I'm getting a possible 10 1/2 out of this move. First to well over 8, then I think it's up to the rest of the market to hold its head up to help support continuation. The technicals are really cooking. I think what to watch for is how the 89, 3, 5 stochastics are treated by the threshold value of 80 a few days from now. (it was at 60 yesterday before the move and is now at 66) The 3 day RSI indicates that today's move could be expected to repeat 2 or 3 more days. This is in synch with the 89, 3, 5 stochastics which would reach 80 in a little over 2 days at the current pace. I realize that fundamentals are the main focus here but it's nice to know that the supply/demand dynamic has recently been showing that alot of investor interest in the co. is at hand (it's about time too).

Doug R
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