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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (5119)2/19/2005 8:11:05 AM
From: Vendit™  Read Replies (1) of 8752
 
DR Terry,

AAPL is in correction mode as you stated and as is evidenced by this Linear Regression chart:

139.142.147.218

Normal trading occurs near the channel mid line and extremes occur near the channel upper line. All lower oscillators are still in sell signal confirmation with no sign or letting up through the close on Friday so AAPL has at least another session to form the bottom.

$84.93 will fill the gap and would be a technically healthy and logical place for the reversal to happen. Friday’s low was $86.25 or just $1.27 from the gap.

themarketwind.com

JMO

Reid
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