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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: bazan who wrote (16914)5/14/1998 8:27:00 AM
From: Dave H  Read Replies (2) of 79339
 
bazan,
APSG looks nice -- yesterday's gap up completely cleared the shorterm downtrend line from the highs on 4/23 & 5/5, and as such I'd say this current move should make it to at least 14 1/2 with a chance to make it back to 18-19 if volume continues to be supportive.
Longer term stuff needs work but it looks like you are right and APSG is breaking out of its downtrend.

As for some DeMark stuff, his rate of change oscillators (TDROC1 & TDROC2) gave buy signals for APSG on 5/11 & 5/12. These are short term trend indicators and thus are supporting this current short term move as well.

-dave
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