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Technology Stocks : Apple Inc.
AAPL 267.26-1.4%Jan 5 3:59 PM EST
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To: Moominoid who wrote (13635)5/15/1998 5:13:00 PM
From: HerbVic  Read Replies (1) of 213178
 
David, I've read your posts and respect very much your TA.

Friday's close of 29 9/16, down 1/2, was higher by 7/16 than the close I expected. My prediction of 29 1/8 was due to options expiration and market malaise.

Monday is buying opportunity day, as the stock will most likely make another stab at 31 before the week is over.

Short sellers are still trying to take this stock back, so I expect more erosion Monday. 28 1/2 is quite possible if the stock opens falling and levels off around 29. It could easily spike to or below 28 1/2 intraday.

Anywhere between 28 1/2 and 29 on AAPL is a buy signal right now.

Of course if the market tanks, none of this matters. However, it appears to me that sellers are being selective. The market may slide without any panic selling.

JMHO,
HerbVic
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