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Technology Stocks : Apple Inc.
AAPL 247.97-0.1%Jan 23 3:59 PM EST

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To: Henry J Costanzo who wrote (118098)9/23/2011 4:56:42 PM
From: Edward Boghosian  Read Replies (1) of 213182
 
mchjc:

I submitted the following to you and I think you responded privately but something happened when I clicked on you message-it disappeared. I would appreciate it if you could comment on what I wrote. Thank you.

o: mchjc who wrote ( 194029)9/21/2011 10:15:11 AMFrom: Edward Boghosian of 194042 I see this as a long term channel with the white dash line as the top side of the channel and the solid green line as the bottom of the channel. Correct me if need be, from what you say, if the stock price were closer to the top dash line and making new highs, the upward movement would stronger then if new highs were made at the bottom part of the channel. Does this mean that this uptrend we are experiencing now may be running out of steam unless there is a dramatic price increase over a short period of time to bring the price closer to the top, dash, line? If a stock is to make new highs, it is better if it's making them at the top part of the channel then at the bottom of the channel unless there is a dramatic acceleration in stock price to bring it to the top of the channel.
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