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Technology Stocks : Apple Inc.
AAPL 274.52+0.2%2:46 PM EST
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Doren
To: Doren who wrote (155849)6/27/2013 7:36:17 PM
From: Moonray1 Recommendation  Read Replies (1) of 213177
 
Moonray's graph and Henry's reading seems to indicate 340 to 360.

Doren, I give very little credence to the Preliminary Price Objective showing on the P&F charts
that I post. Very seldom do they turn out to be "predictable" turning points. They are formed by the
"explosiveness" of the graph as it is formed. You can think of it as the price the "X" or "O" would coast
to, if future forces did not come in to play. However, for 50 years I've used the P&F charts in conjunction
with other things because the charts are pretty good at showing support and resistance areas.

I am no longer looking for an inverted head-and-shoulders pattern on AAPL. My feeling is that the time
for it came and went when we recently failed to hold $420:



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