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Message: Not much room to move...

Not much room to move...

posted on May 02, 2008 04:17AM

Support at .76 and resistance at .80. Charts show short-term bearish and neutral on mid-term.

Bollinger Bands (not shown) - APH.V has closed above bottom band by 3.5%. Bollinger Bands are 67.6% narrower than normal. The narrow width of the bands suggests low volatility as compared to APH.V normal range. The probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 6 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.

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