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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Gersh Avery who wrote (6144)3/8/2005 4:20:20 PM
From: Walkingshadow   of 8752
 
<< AAPL now sub 30day SMA .. serious breach .. >>

Maybe. But I keep seeing strong buying pressure every time they take AAPL down, and that buying pressure has repeately stopped AAPL's decline in its tracks, and usually reverses it. That bodes very positively for the medium and long term prospects of AAPL because it indicates professional accumulation. AAPL must respond to that sooner or later, and I think most indications are that this will occur sooner, not later.

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