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Technology Stocks : AAPL? How to trade/invest?
AAPL 270.37-0.4%Oct 31 9:30 AM EDT

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To: Jaime H. Ayalde who wrote (73)4/30/1996 11:37:00 PM
From: xu, b.   of 162
 
Jaime,

It took me a while to set up my stuff after my move. I have a couple of days catch-up to do.
I am not sure that I understand your statements:
<<Markets go up because "no one ownes it" markets go down "everyone owns it" > This is the Flag!
2 million buying 17 million selling.

Two days of buying and thirteen days of selling. It only took 2 days for AAPL to move up $2.75 and thirteen
days to go down $2.375. This is an accumulation.>

The nb. of shares bought and sold are equal in any particular period. Unless the seller is in fear and demand a premium or buyer is agressive and bid a higher price, the price of AAPL can not move up. This holds for any securities. I don't see these two cases here. There are a couple of ways to measure accumulation/distribution. But I am not sure the one you stated above can be one of the measures. I can see the psychology behind though. If I want to buy 1 million, I will occasionally sell 10,000 or more to slow down the rising speed. Or in your words, shaking out the weak hands.

I thought we both agreed that AAPL needs a washout to go high.

Bernie
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