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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo	3/29/2006 9:20:14 PM
	of 209892

AAPL.....With heavy volume move today, strongly bouncing off of the 200d SMA, it would appear that AAPL has made a low of some significance and duration.... The action is taking the form of a falling wedge pattern..a bullish formation which could signal a move back to its beginning..namely, the late Feb price high at 73. I would expect some testing/consolidation/basing action here, in the 58/62 area. A break of the downtrend line from the Feb high, accompanied by expanding volume, would signal the aforementioned move to around 73....... home.twcny.rr.com

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