AAPL? How to trade/invest? Message Board

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Technology Stocks : AAPL? How to trade/invest?

AAPL 270.25

-0.4%

3:59 PM EDT

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To: xu, b. who wrote (72)	4/26/1996 12:38:00 PM
From: Jaime H. Ayalde	of 162

The first line is the active line in the Bulletin Board. You must use it. I have a message I can not get. < I am troubled by two factors: 1) right shoulder of the reverse head-shoulder is declining. It's making lower high, consistent with the aggressiveness of sellers. 2) there is no upside momentum> In my experience the Head & shoulders is an after the fact formation. Very little use for it in real time trading. Having said that I see the last 13 days as stock moving from weak to strong hands. On 4/9/96 AAPL traded from 24.375 to 26.50. Fast. It took 13 days of selling to test the 24.375 low. Briefly taking the 24.375 out making the low of 24.1875. A beautifull flag. The most powerful technical chart formation that one can find is the Flag. The flag pole being the move form 23.75 to 26.50. Smooth and fast. The flag forming being counter wave. Moving against the trend gives you an up and down wide block taking shape of a flag. The rule is that the formation will come out in the direction of the Pole. Remember that statement. <Markets go up because "no one ownes it" markets go down "everyone owns it" > This is the Flag! 2 million buying 17 million selling. Two days of buying and thirteen days of selling. It only took 2 days for AAPL to move up $2.75 and thirteen days to go down $2.375. This is an accumulation. The conclusion should come very shortly with a print above the trend line drawn from the 26.50 high down to 25.50. I will try to talk about trend lines and how they are used. Many trendlines are setups to be broken. Very carefull how they are drawn. Do not worry about money managers. Smith Barney put a buy on IDTI at 30 and a Sell at 13. I generalize about the MM but as a rule you need to be a leader not a follower. MM follow recomendations of the analysts. They underperform the averages. I am here tap into their pool of money. They are very incensitive to the pool since it is really not theirs. They will concentrate on the past. I feel Bold. (Even I am feeling this third wave effect). It is important for me to detach myself from these feelings right now. Jaime

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