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

To: bazan who wrote (11414)	1/28/1998 1:26:00 PM
From: Doug R	Respond to of 79268

Miguel, APM is making higher lows and has an uptrend as of the time I brought it up. I suggested using trendlines as a guide for trading it and that still applies. I'll be back shortly after looking at the technical profile. So far it's behaving fine. Doug R

To: bazan who wrote (11414)	1/28/1998 2:33:00 PM
From: Doug R	Read Replies (3) \| Respond to of 79268

Miguel, Since the recent bottom in APM it has set up a triangulation with a downtrend from the high on 1/5 across the high on 1/21. The uptrend is from the low on 1/13 to yesterday's low. The open today gapped up to hold that uptrend line. Those two trendlines intersect next week so I would expect investors to make a decision by then about which way they expect the stock to go. APM is strictly a trendline play right now so a break below the current uptrend would be a sell signal. A break out of the downtrend would not necessarily be a buy signal so that uptrend is the key factor here. The technical profile needs improvement shows that yesterday it was very oversold since 1/5 and 1/21 so today's move up is a technical reaction to that. If it can use today as a point from which to improve, it should hold the uptrend. If it holds through the rest of the week, remind me to take a look at it this weekend please. Doug R