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Technology Stocks : Apple Inc.
AAPL 256.52-1.5%10:50 AM EST
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To: Andrew Danielson who wrote (24438)4/28/1999 9:46:00 PM
From: Moominoid   of 213181
 
Around 43 is where the 34 week Bollinger Band I track is at curently. If it comes back to 43 it will still be right at the edge of that range so it is quite likely it will fall below that. The band was at that level back in Jan when the stock overshot to 46-47 and then came back in fast. So this relative strength is promising. 43 is also the peak last summer relatively. When it opened at 43 two days ago that showed it was through that resistance level. But it can't push much higher in a hurry because on all other counts according to the BB analysis above it is overextended. I would see it as good news if it doesn't close below 43 while it waits for the mean and BBs to catch up to it. That would be very strong. I don't know much about the filling gaps theory. To me if resistance becomes support that's a good sign.

BWDIK

David
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