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

To: Jan Robert Wolansky who wrote (14063)	3/31/1998 2:34:00 AM
From: Doug R	Respond to of 79352

Jan, I noticed that too. Actually, over the last few months AINN's lows have inched up nice and steadily. Each time the short term technicals reached oversold levels, the low has been higher than the previous low. As that has been happening, the intermediate and long term technicals have been steady to improving. This type of profile is exactly what I look for as the overall market gets a little overbought. I feel it limits downside while offering good long term potential. It's just a matter of time. I bought APCO under the same circumstances last year. It was just a matter of time there too. MTON is the same type of stock IMO. Just as a thought on the market here; when the Dow breaks a 1,000 mark (regardless of how truly arbitrary any number is in reality), the psychological implication is that the next 1,000 mark becomes a goal in a true "greatest of all time" bull market. When the Dow broke 4,000 that implied 5,000 and 5,000 implied 6,000 etc. Now that wasn't really all that hard for the investment community to swallow. Well here we are staring right down the barrel of 9,000. A break over 9,000 would imply 10,000. I think the 10K mark is a vastly greater psychological impediment than 7, 8 or even 9K. Considering this, I feel that the psychological implication that goes with a break of 9K will result in either extreme reluctance to hurdle 9K, with all the attending volatility that would result or (if the global fundamentals become just too damn compelling) a major bull rush through 9K right to 10K. There will be no in between. Just pondering, Doug R