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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Jan Robert Wolansky who wrote (5056)	1/23/1998 12:58:00 AM
From: Chris	Read Replies (2) of 42787

some stuff on apco jan: From: Mark M. Schulz Thursday, Jan 22 1998 9:44PM EST Reply # of 4074 danny, I am still negative on APCO...If i calculate right there are about 3 million shares of overhead in the 7.25-7.50 area...In my opinion when we moved up today, it was selling that occurred not buying....I see a flagpole formation, with an ascending flag...As you know,an ascending flag is bearish...When we pull back, I have first pullback area at 6.62, followed by 6.12-6.35 area, and then my long-term target of 5.75-5.87....If you check out the envelope channel, it is from 7.02 to 6.35, so you see I expect the stock to move back to my target areas very soon...Bollinger Bands give a similar reading of 7.15-6.22...

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