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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Amigo Mike who wrote (8659)12/2/1997 12:30:00 AM
From: Kulnor  Respond to of 79313
 
Michael,
thanks for the morale booster. I bought APCO a while ago and am happy to see some action here. Now, why did I sold my beloved RADAF for RLLY. Noooooooooo... Oh well, only thing left to do is to move to the midwest and order a Rally burger for breakfast, lunch and dinner. Should give a big boost to the stock and can't hurt my stomach more than it does right now <G>
Hopefully, patience will be rewarded (again?). If not, well, I'll take a loss for a change (can't win them all... or can we?)
Cheers,

P2

PS: BTW, anyone watching CYLK. Could be a buy again soon (at 9?). CREAF looks good fo tomorrow too.



To: Amigo Mike who wrote (8659)12/2/1997 7:36:00 AM
From: Dave H  Read Replies (1) | Respond to of 79313
 
APCO...support from the 1996 trendlines....

I'd just like to add that APCO is in potentially STELLAR shape trendline-wise after yesterday's action.

I extended the channel that APCO was trading in during 1996; yesterday after about 2 months of testing the bottom channel line, APCO is back inside this fairly aggressive channel.

Here's what I am using for this bottom line of the channel:
Lows on: 12/22/95, 8/1/96, 10/8/96

This line was first tested on 10/17/97 (at 6)
Next test was on 11/17/97 (at 6 1/8)
Yesterday was hopefully the official breakout above this line, and we should see this line as support if the breakout holds.

Today the line is at about 6 1/4....

The top channel line offers tremendous room for APCO. I drew this line connecting the highs on 2/28/96, 9/5/96, and 11/29/96.
Today the line is over 7 1/2.

There really isn't much resistence to be found for APCO right now. If it can confirm the regain of the 1996 support trendline, APCO has a lot of room right now to go up, with minimal downside.

Go APCO!

-dave