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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (7212)	3/22/1998 10:41:00 AM
From: Magnatizer	Respond to of 42787

Chris I like your call on APCO couple of points to ponder My long term SMI has formed a C&H. Needs a BO to confirm. Will take alot of strength to do so as it is at a very high level already. It is also in record high territory. The last time it was this high the stock increased 31.6% (lowest low to highest high) in two weeks. If that happens now it looks like we will see the low 17 range. Most of my indicators were pointing towards a basing period. Which is understandable. It would also be good for the stock to rest IMO due to its lack of a substantial support underneth it. Overall I am not worried about the short term prospects of APCO as the FA is so strong. IMO some more news like last month will trigger the BO of the C&H and send us to the lower 17 level. ht david