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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo7/16/2011 1:39:34 PM
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AAPL..

After breaking above a bullish falling wedge on Jun 23, AAPL met the signaled move to 353 on July 5, and at the same time broke the DT line from the Feb high..a major trend reversal...From Jul 8, the shares proceeded to form a small bullish pennant, which was completed yesterday with a move to a new ATH, on increasing volume. That, of course, removed any further overhead resistance from any preceding chart consolidations, and also activated a "measured move", the most conservative view of which would now project about 388ish..
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