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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (2059)	11/4/1998 6:55:00 AM
From: LastShadow	Respond to of 43080

APM There was a lot of afternoon volume on APM, so it might gap and continue to rise for a bit. But generally, when there is no institutional buying (funds, brokerages, etc.) the rise is generally short lived and it drops back to its trading channel and trendline. APM did go through several days of jumps and climbs last June, and the two high days in October makes me think the mm's would like to take it that way again. I'm going to watch it, and if it opens strong above yesterday's close, I will get in at market and be trigger happy for an exit if it starts even leveling. lastshadow