Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: bobby is sleepless in seattle who wrote (71729)	11/16/1999 12:26:00 PM
From: stan s.	Read Replies (2) of 120523

AAPL, hi Bobby. I'd use caution with AAPL here. The move today on no volume means very little. Being overbought can be healthy but AAPL's got a few too many indicators trying to lead it down IMO. My guess is it'll try and base around 90 (give or take) short term and could very well fail. Downside appears to be 80. It'll be pretty easy to peg, just watch for a breakdown of that short term uptrend from early September. Notice that bearish harami 5-6 days ago indicating weakness after an uptrend...that's getting some confirmation. If it surges above 96 3/8 or so in the coming days you'll know it's recovered and the above is moot. All the above still refers to the shorter term daily. Still booming on the weekly going forward. This is all just chart stuff....a lot of news coming could affect it greatly in the short term. Best with it. Stan

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