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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Zeddie88 who wrote (651)	6/6/2005 11:37:13 AM
From: Walkingshadow	Respond to of 4814

Sue, I'll have a look, but I gotta run right now. I'll be back later. T

To: Zeddie88 who wrote (651)	6/6/2005 2:47:11 PM
From: Walkingshadow	Respond to of 4814

Hi Sue, The weekly chart shows APF is clearly in a long-term uptrend: 139.142.147.218 But it has weakened considerably over the last 5 or 6 months: stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iLg!Lp14,3,3]&pref=G Still, it has found support several times, and appears to be consolidating in an ascending triangle now. The break most likely will be to the upside. However, right now there are early technical sell signals, not confirmed yet with a stochastic crossover: 139.142.147.218 So short term APF looks most likely headed down, and I would look for an entry close to the lower BB rail, at about $12.45. There is good chart support there, along with support from the lower BB rail: stockcharts.com[w,a]daclyyay[dc][pa12.45!d20,2][vc60][iLyb20,2.0!Lp14,3,3]&pref=G Since the BBs have become extremely contracted, there is a good chance for a strong move to push that upper rail open, but I think APF will most likely pull back some first. T