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Technology Stocks : Apple Inc.

AAPL 273.79

-0.3%

3:59 PM EST

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To: Jaime H. Ayalde who wrote (2100)	4/13/1997 6:42:00 PM
From: Geoff	of 213185

Let's talk more technicals... Jaime, Sorry I confused fundamentals and technicals, but I'm learning. I was looking at the 180 Day chart for AAPL and it seemed to be forming a 'cup with a hanldle.' It looks like the pattern started to form in mid-December 1996, and the price bottomed in the high fifteens, which fits within a 'cup with a handle' correction of as much as 33%. AAPL corrected, at the low in the cup pattern, by roughly 33%. The recent volume spikes seem to correspond to the recent Take-over rumors, and large block buys by the Prince and Goldman Sachs. Volume seems to be tapering off, which may be a shakeout of the weaker investors before a bullish run. I'm staying long on AAPL. Do you agree with my humble attempt at learning how to make a technical analysis? thanks, geoff

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