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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (24666)	7/22/2003 5:07:18 PM
From: chowder	Respond to of 206191

Cardoggie, My signals are mixed on APC. Therefore, I'd have to agree that the price is basing. APC failed it's test to break resistance on the relative strength indicator. It needs to get above the 50 line. Most stocks have their most powerful price movement when RSI is above the 50 line, and rising. The MACD histogram is showing a bullish divergence. As the price drops lower, the blue bars should drop too. This would confirm the trend as prices are falling. It isn't doing this. The MACD histogram is actually rising while prices are falling. This helps to confirm the basing theory that you suggest and I concur with. Other indicators are showing APC at levels of support. The next day or two should provide some of the answers you seek. If APC can close above the 20 ema, which isn't shown on the chart, it should provide some momentum and strength. Break below the 10 day moving average and APC hes serious near term problems. stockcharts.com[h,a]daclyiay[pd20,2!b10!f][vc60][iut!Ub14!Lh21,3!Lah12,26,9]&pref=G dabum