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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Rudy who wrote (11183)	5/20/1998 1:11:00 PM
From: Wall Street Jr	Read Replies (2) \| Respond to of 13456

If we all shorted STAR, Gary Ku will come back to this thread and kick our asses with proverbs we've never even heard off. Would you like that? Now if we all shorted APM, it will be worth talking about since this is the APM thread. bokkk bok bok bok bok (happy now AT?) :o) Even this was a good short.

To: Rudy who wrote (11183)	5/27/1998 1:44:00 AM
From: Rudy	Read Replies (1) \| Respond to of 13456

*** CAUTION ADVISED. - Short term correction may be in the way. DOW at 8965 and it is exactly support level! (Guess I found out one more time that charts really mean something!) Next support level is at 8763 (which would make it 6% correction). If it is really a correction, I think it will go down to check 30Wk MA support. 30 Wk MA is 8372. Considering intraday high registered at 9312 that would make a 10% even correction. Short term is oversold however long-term MACD looks like it will issue a bearish crossover sign soon. Transports 3366 is also sitting right on support (3367). Coincidence??? In their case 30 Wk MA is much closer at 3372. NAZ 1778 has support ar 1758. Long term weekly MACD is bearish. As I posted earlier, I am about 70% cash now in this directionless market. When it turns bull again (no other way I see in the mid to long term) I will have dry powder. Wish all of you good luck. PS: Opinions about market direction and your forecasts about coming industry groups to lead out of this temporary stall are welcome.