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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?

To: David W. Taylor who wrote (2530)	11/5/2002 12:54:53 PM
From: Paul M. Rengier	Read Replies (1) \| Respond to of 2574

David, I did and came out with a different interpretation as stated in previous posts. I use a logarithmic scaling, so this may be the cause. The upper line is interpreted as a resistance and as there are many confirming tops, it was supposed to be a strong lid on the share price. In that light, breaking the resistance with high volume is a very bullish sign. The former resistance has now become a strong support. A healthy reaction could be a short dip on the break line, at which point I would go long again, assuming the market is at least stable, if not climbing. Still the tops from January and March are limiting the upside, as do the tops from last year. So far I agree with you. Happy trading Paul