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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (1853)	3/17/1998 10:55:00 PM
From: Magnatizer	Read Replies (1) of 29382

Amigos y Amigas TA on ATPX This was tough. That little deal back in Oct threw a wrench into the long term indicators. Will give what I could but this read is, at best, iffy. The stock appears to be under accumulation with accelerating trendlines. This is good, confirms your suspicions. Also shows good medium term (2 to 6 months) strength in stock thus far. Short term outlook. Stock appears to be ready to base/decline for a little while. Most of my medium term indicators are turning flat or down. IMO there is plenty of time to accumulate the stock on a technical outlook. By plenty of time I mean one to three weeks. Med to Long term outlook. The indicators which were not to screwy are showing a very strong stock. One which could explode after a short basing period. It has been in an uptrend on all indicators since 1993. No signs of weakness. Once again the indicators were quite stunned by the nonreverse reverse split from Oct so anything is possible but, if I liked investing in biotechs I would take a hard look at ATPX. My last "sure fire" buy signal was triggered at the end of Febuary and I have not recieved a sell signal since then. Long term investors could get on board at anytime IMHO. happy trades David

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