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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (8443)	11/12/1997 2:53:00 AM
From: Rudy	Read Replies (5) \| Respond to of 13456

A few TA observations: Dow, Naz, CREAF, COMS, LGWX, SGI etc. DOW - 7558: Week trend is down. 30Wk MA at 7689.5. Resistance is at 7630. Day trend is down also. 200 DMA at 7453.5. Support is at 7450 and 7165. Still choppy and undecided DOW may recheck below 7500 or break resistance at 7630 suddenly and settle inside the trading range between 7630 and 8270 at least until new year. NAZ - 1585: Week trend is down. Daily trend is also but close to oversold. Support is at 1550 and resistance at 1695. It may well stay between these levels until new year. Would be scary if breaks below 1550 as did during "Blue Monday". As to components of Nasdaq, Cisco looks good but I think INTC is in downtrend, MSFT looks like topping. Did not check DELL. Seems like most individual Nasdaq stocks are in more trouble than the Index itself. Russell 2000 - 433: Week trend down. Support at 420. Daily is down and oversold. If breaks below 420 there is strong support at 370 which would be devastating for a lot of small issues. APM - 17-7/8: Strong support is at 14 and it looks very likely to test that level within a week or two. CREAF - 28-1/4: Continuing uptrend in a channel. Likely to touch upper boundry at 32 before turning down again. QNTM - 27-7/16: Broke below suppport at 30-3/8 and 30 WK MA at 28.946. Next support is at 24 (strong). Short term trend is also down but oversold. 200 DA is at 26.65. Last three days dropped with above average volume. ADX is bearish. SEG - 24.5: Broke below support at 26. Next level is 20. ADX is bearish. COMS - 35-1/8: Broke below strong support at 35-1/2. At two year low. Very bearish. No solid support level until 29. LGWX - 8-3/4: Weekly down. MACD turned bearish. Support at 8-3/8. 30 WK MA is at 7.783. Daily trend turned up from oversold on very high volume (bullish). 200 DMA is at 7.346. Resistance is at 9-1/4. Short term bollinger along with daily MACD sloping up suggests that resistance can be broken shortly. This may be a local bottom. SGI - 13-1/8: Very ugly. Weekly down. RSI at 34.6 close to oversold. Support is at 13, just being tested. Next level is at 11-1/2. Right now it is at 4 year low. Needs a shot of revival. Maybe an acquisition offer??? Who knows? Even than it may not get an offer more than 2 year ago's price. QCOM - 62-5/16: Weekly is down. Support at 61. Daily is also down. May test 61 soon. Not far from recent all-time high at 68-1/2. Good luck all.

To: AlienTech who wrote (8443)	11/12/1997 10:52:00 AM
From: David H. Hardin	Read Replies (1) \| Respond to of 13456

AT; How do I hook up to the IRC chat room ? I too sold my 3,300 shares of APM at a tremendous loss but still find myself reviewing this thread just for the general information and overall opnions of the "group". I'm not totally familiar with the "rules" of discussing stocks in general on this or any other specific thread and if alot of general discussion is taking place at IRC ( whatever that is) I'd like to know how to find the site. Many Thanks; David