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

To: R. Ramesh who wrote (12176)	2/11/1998 2:02:00 AM
From: Doug R	Read Replies (4) \| Respond to of 79284

Ramesh, I am at a friend's house and still cannot access SI due to a file corruption caused by a crash precipitated by AOL. My computer guru will have the problem rectified this week I hope. Anyway, I was out of GTAX at 10 1/2 about 2 weeks ago and went to ALSC then BEAS in the ensuing period. I sold BEAS today at 22 7/16 and bought APM near the close. With the new highs established today, I expect some serious bottom fishing to begin on stocks like APM. The technicals on it havs been mushy lately and today the RSI has firmed up nicely along with the volume. A gap down Monday followed by a gap up today is a bullish candlestick kind of thing so APM has alot going for it technically. There is still a bit of mushiness in some of the indicators but as I said on Sunday, the general bias is up. If only BEAS would have moved on Monday, I'd have jumped on CADE as soon as the volume hit 50K. I only use the trading portion of my account for one stock at a time so I'm used to missing moves. If APM breaks below 11 7/16 I will start squeezing the exit trigger. Doug R