The 56 Point TA; Charts With an Attitude Message Board

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

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To: ChrisJP who wrote (21564)	9/22/1998 9:25:00 AM
From: Magnatizer	Read Replies (1) of 79270

Chris IHS is inverted head and shoulder so it is a positive for us longs. The left shoulder is the dip in early August, the head is the dip in late August and it is now working on the right shoulder. The volume pattern is what I really like. It looks like it has purged the big seller out and is wanting to rally on the next run at the downtrend line (which happens to be very close to the neckline of the IHS). So either way you look at it, downtrend or IHS, APCO is setting up for a breakout. If the breakout fails APCO will be in the 5s again for sure. It still has some building to do to complete the IHS so time is on our side to get in, I am waiting for the breakout or a defined bottom to the right shoulder. MTON does track APCO well, I like it. ht david

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