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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (5102)	2/19/2005 3:40:47 AM
From: Walkingshadow	Read Replies (2) of 8752

AAPL looks to have a bit more downside. I look for reversal at the stochastic trendline (formed by the bottoms of the crossovers). This would be about 50 or so on the fast line. But of course, AAPL has this habit of correcting sideways, so the "reversal" may be at a price that is not a lot lower than today's close: 139.142.147.218 A correction to the 20 ema would constitute a rare buying opportunity that should not be passed up IMHO, particularly looking forward a bit at an impending resumption of the overall long-term uptrend. As I have said, this could happen within a week or so, or might take a month or more. Too soon to tell, but accumulation volume has increased, so we are not too far away. Personally, if AAPL happens to correct to the 20 ema, I'll take an unusually large trading position in addition to my core position. The blunted downside volatility, enhanced upside volatility, steadily increasing relative strength in AAPL, and the increasing prospects of an impending end to the medium-term correction in the indexes collectively indicate a risk/reward profile that mandates a large position size IMHO. T

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