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Strategies & Market Trends : Cadaver's picks

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From: Cadaver	6/27/2007 7:12:18 AM
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AAPL: I expect to test its 50EMA of around 112 soon. Why? AAPL is resting on its 20EMA. There is a small chance of bouncing off this if the broader market takes off, but I believe the chance is minimal. More likely, AAPL will fall today and test 112. This is because of the following factors: * Three down days with longer red bars on increasing volume * MACD rapidly declining * Stochastics made a lower high Play: AAPL owners sell the ridiculously expensive Jul AAPL 115 call (around 8.00 now) buy back below 4.00 Non-owners, this is not a good time to buy/short AAPL yet, but you can think of buying 115 puts (around 3.00 now) sell above 8.00 -Cadaver

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