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

To: jermoney who wrote (9002)	12/2/1997 2:47:00 AM
From: Rudy	Read Replies (4) \| Respond to of 13456

Lot's of money is out there to make!!! If you got cash :-) Yes I was looking at the charts of 60-70 stocks that I follow semi-periodically. A few common characteristics caught my eye. Fisrt oils are still in the fall. No sign of reversal yet. Some broke strong supports, and 30Wk Ma's and still no sign of slowing. Secondly, I see a lot of techs in long term trend reversal. Amazingly I saw a few symmetrical triangles in the make. If indexes keep up, those triangles are bound to break upwards. Here's a few from my bag: APM - 17-13/16: First since it owns the tread. Long term MACD turned up first time 14 weeks after down reversal. 14 Wk RSI also turned up showing a reversal. Daily is up. I expect some base building. ASND - 25-9/16: Long term turned. Building base. CSCO - 90-7/16: New break. If catches with old trend line (2 years long) expect 105-110 shortly. Daily up but overbought. CREAF - 24: Oversold. Hit lower border of up trend channel. I expect an upturn with a quick 5-6 points. If breaks below 23.5 do not get into it. DS - 51-5/16: Broke up from symm. triangle with good vol. Daily trend up. KLIC - 26-5/8: In a symm. triangle and breakout expected (direction possibly with the market). Resist 30, support 22. Daily oversold. MCAF - 52: Resist at 52-1/8. Notice today stopped right at that. Long term trend turned up once more as couple times in the last few weeks. There is too much nearby resist. Daily up. MSFT - 143-13/16: I hate this over-valued puppy but it is about to break 146. After that is virgin. Nice cup and handle formation. Where will it go 200??? Even 200 would mean 39%. I think there are better opportunities. ORBKF - 46-5/8: Another symm. triangle. Wk. trend turned up. Daily up. I like this pup as a creative company. SMTC - 50-3/8: Another sym tri. Both week and day trends have just turned up. WDC - 21-1/8: Bottoming out. Wk turned up. Expect some basebuilding. CPQ - 66: This is my new gem. I will buy this pup and make good money if market holds. Just like COMS I love it. But this time I will invest. Week trend has just turned up. Historically a quick mover to three digit levels. Long term chart shows a beautiful bounce from a 30Wk MA touch. Daily up. Just beautiful!!! DELL - 90: 2nd week of weekly uptrend. Daily is up close to OB. I like COMS better because of their server business. Are these enough? There are more but sometimes I tell myself, you need 1-2 stocks to make money afterall. Why go after a few dozen and get distracted? Anyway, friends I think a great opportunity is here. I come out of the little bear with 60% cash and now it's time to get rewarded IMO. According to William O'Neil you need 6 accummulation days to confirm a reversal in indexes. I count accummulation and distribution days religiously. DOW had 5 accummulation days since the last distribution and NAZ had 4. So we are close. That'a all for now folks. Please remember I am only right half the time (that's enough :-)). Your comments and critics are wellcome especially if any one of the stocks I mentioned is in your research area. Good luck and riches for all of us.