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Strategies & Market Trends : The Rational Analyst
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To: Magnatizer who wrote (421)3/4/1998 9:59:00 PM
From: HeyRainier  Read Replies (2) of 1720
 
[ APCO ]

David,

Thanks for participating here on the Rational Analyst thread and switching out of Lurk Mode. It looks like your call has already hit the ground running (up $1 today).

Right now though, it is in a Runaway Phase, and has broken through my expected resistance levels in the current region. The Bollinger Bands have been broken through, and it is the expectation that such a forceful movement will result in a pullback in the near term. I can't call a top here, but I would be very cautious in opening a long position at these levels.

If you have another one, particularly one that hasn't been discovered or isn't technically over-extended, please let me know--I and the thread would greatly appreciate more suggestions.

Regards,

Rainier
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