Today's volume is the lightest since 1/28/98, which is a strange
phenomenon. The resistance point still sticks at $26.5625. I have
no clue about changing from 5m+ in average daily volume to 1.4m as of
today. Somebody said in Money magazine about this kind of situation:
When the volume went down with the price and it revealed a strong
resistance spot, then be careful - the stock is ready to change the
direction, which in our case is to change to positive one. We'll see
if what she said about this phenomenon is correct.
My personal feeling is that money managers started to make window
dressings from big caps, such as AT&T, IBM, HP, etc., then take care
of mid caps, like Apple. So I believe at latest by next week, they
will handle whether to add or remove Apple from their windows.
Phil |
