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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (39227)	1/22/2008 11:58:27 PM
From: fedhead	Read Replies (1) of 57684

I don't dispute AAPL's earnings at all. My observations are strictly from price and volume action of the chart. I see a distribution top with support at 145 - 150 level. If this support is broken AAPL is done for some time. I see these topping formations all over the market which is why I am bearish. Yes we could rally from these oversold conditions. Question is how far before the sellers come out again. Anindo

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