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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST

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To: Alomex who wrote (10554)3/31/1998 12:48:00 PM
From: Sam Scrutchins   of 213176
 
Phil,

Thanks for your reply.

Alomex,

Volume is a relative thing. Average daily volume for a long period loses meaning for the current short period. On the recent move from about 20 to 28, Apple's average volume skyrocketed. Look at the 3-month daily chart. For the last couple of weeks, the average volume is off significantly, expect for a couple of spikes. It's my judgement that this current two weeks average volume is not enough to sustain the rally.

Sam
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