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To: freelyhovering who wrote (2271)11/29/1997 2:36:00 AM
From: Doug R  Read Replies (1) | Respond to of 2403
 
Myron,

Try the same method on ACRT. Then do the same for QUST. Then do the same for AKRN.

Then look at the 13, 8, 8 stochastics for all four (yikes, heavy metal charting). Then look at the 2, 1, 2 stochastichs on APCO. The kicker is the downtrend line on APCO from the high on 10/29/97 to the high on 11/25 coupled with the uptrend from the low on 11/14 to the low on 11/26. Notice that the 11/14 to 11/26 line ALSO jives with the low on 10/9. Now assuming that the low on 10/28 is a possible (likely probable) anomoly...The SQUEEZE is on. It's watermelon seed time for APCO.

Doug R



To: freelyhovering who wrote (2271)11/30/1997 12:34:00 PM
From: Dave H  Read Replies (1) | Respond to of 2403
 
Hi Myron,

Your lines sound good to me; I see support coming in at around 5.42 on friday though from the 10/9 -> 10/28 lows.

As Doug described in his response, there's a (triangle?) formation with a downtrend line (11/3 & 11/17 highs) and uptrend line (10/9 & 11/14 & 11/26 lows) that seems to be coming to a head tomorrow or tuesday.

Pring in his book says you can project a move from a triangle formation by drawing a line parallel to the upper or lower line that also goes through the first low or high in the triangle.

I drew a roughly parallel line to the downtrend line that goes through the 11/7 low, and it sits at around 5.42 on friday (intersecting the uptrend support line you mentioned!)
Doing the same thing with 11/17 high parallel to the uptrend line, a move up projects to around 6.44 on friday.

So it looks like the move will be about a half a point....based on my naive interpretations of Pring. (i.e. take with grain of salt!)

My problem is how do you get an idea of which direction? I'm going to study all the indicators doug mentioned to you with APCO & ACRT, AKRN, and QUST and try to understand it more.
The 3,1,2 stochastics seem pretty hard to interpret though...they move up and down so quickly it's hard to get a feel of any pattern formations. Have you had any luck with them?

Hope you had a nice weekend!

-dave