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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Cary C who wrote (12146)2/10/1998 3:33:00 AM
From: Doug R  Read Replies (2) of 79282
 
Cary,

The world of the IL is nothing like that which anyone in the TA business is familiar with (although one technique called "Andrew's Pitchfork" is generally related but not nearly as exact). I can tell you that it is early in the IL/ACT dynamic for APCO. At this point (as with TXCC) it is entirely acceptable for a holder of the stock in question to pay no heed to the IL. RADAF hit and exceeded the IL twice in its early stage. The first time was at $5. Of course, trading in and out would have been more profitable than holding during that period but there's no real need to be ultra fanatical about snatching every last trading penny in such a stock. The salient aspect about APCO's IL/ACT is that the ACT is currently steeper than the IL. That calls for a realignment of the ACT to be as steep or somewhat less steep than the IL. Therefore, the IL will most likely be reached again at a later date (after the ACT decelerates of course) at a much higher price. This analysis would call for the hard and fast, long-term holder of APCO to aspire toward accumulating on any "scary" dip. After all, when things look scary and (fundamentally) you know there is nothing to be scared of...buy more.

Doug R
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