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I put a sell order in today if my options hit a price of 8, they got to 7
3/4. I think were still in an uptrend, I just saw an opportunity to
take a nice profit today. I'll take a look at your chart tomorrow.
JB
>Here's an interesting chart: http://www.white-crane.com/apm.htm
>Applied Magnetics makes thin-film and magneto-resistive heads for disk
>drive makers.
>
>My problem on this chart is that I can draw TWO perfectly good Raff
>Regression channels on APM. Which one is the price really on?
>
>The first channel is from 6/26/97 to 8/19/97, and then extended right.
>Parallel to this channel I generate a trendline using a Linear
>Regression line on the 26-day Moving Average, from 7/10/97 thru
>8/19/97. All these lines are dark blue on the chart above. APM has
>just tested the trendline twice.
>
>On a shorter term basis, I draw a light-blue Raff channel on APM from
>7/15/97 thru 8/25/97, and extend it right. APM is in the middle of
>this channel. This channel is not yet verified by my 26-day average,
>though in the last week you can see just a hint that the average is
>turning to run parallel to it.
>
>My question is: Short of waiting for one of these channels to be
>violated, are there any good indications of which one the stock will
>take?
>
>
>
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