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

To: RWS who wrote (23839)	12/3/1998 2:16:00 AM
From: Doug R	Read Replies (3) \| Respond to of 79227

RWS, My own stop loss on AKLM is the line along the highs on 2/16 and 1/8/98, In general, you'll notice that as a stock steps up from higher base to higher base, the lows of a base often reach down well into the range of the previous base. So far all that can be said for AKLM is that it has now done so. This is the most nerve wracking part of watching a stock that is bought as a buy and hold for more than a couple of days. The short term stochastics have gone to oversold and are turning back up after today. The MACD does show an initial warning and my view of it is that it's mainly due to overall market activity so far more than anything else. If the market wants to take AKLM down, I'll probably exit to preserve cash but I want to see how it behaves from here first. It may just be that the base it just stepped down from was a level that the market wasn't ready to allow. If the previous base is where AKLM is more "comfortable", I'm willing to be comfortable there too. I won't be comfortable if it wants to step down again. We'll see what the upturn in stochastics brings for it. Doug R