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

To: Michael L. who wrote (10931)	1/20/1998 7:08:00 PM
From: Doug R	Read Replies (4) \| Respond to of 79270

Michael, The 3 day RSI for APCO now has an inverted head and shoulders set up. Should a breakout above the neckline occur, it would take place at a value of 78 to 80. This would likely initiate a significant move similar to that which is normally associated with a positive press release or other news. The positive volume index (PVI) also broke out of its short-term downtrend today. The consistent banging away of 40K share days lately seems to indicate steady and methodical accumulation coming from somewhere since the price has remained very steady along the 50 dMA. All the shorter MA's are nicely bundled together here and activity in the stochastics is positive including a 13, 8, 8 crossover solidified today. The 89, 3, 5 is sitting right at 60 and is prepared to cross over as well. Tomorrow seems like a good day for something to kick in. Any move up on volume and I'm jumping in again. Doug R