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Strategies & Market Trends : Strictly Buy and Sell Set Ups
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To: energyplay who wrote (2844)3/17/2005 12:57:07 PM
From: Ken Adams  Read Replies (2) of 13449
 
AAPL is some 30 cents of its HOD, but still up well over 3% so far today. This small pullback is logical after the huge ramp so far this morning. I still have a long road to profit on my April calls, but will hold for this kind of action.

43 would represent a 61.8% recovery of the recent slide in price, and I would expect some resistance there. But, it sure blew right through the 50% level without a blink, so who knows?
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