Apple Computer (AAPL): Analysis and Forecasting Message Board

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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting

AAPL 273.40

-0.1%

Dec 26 9:30 AM EST

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To: Sam Scrutchins who wrote (392)	8/5/1998 10:33:00 PM
From: Sam Scrutchins	Read Replies (1) of 692

Here's another piece of evidence lending support to an Apply rally: bigcharts.com The formation looks like a consolidation ascending right triangle slightly below Apple's recent high on the 5-day 5-min chart. I could envision the RSI spiking to oversold conditions around 37 1/2 to 38 tomorrow, followed by a pullback to the breakout point no lower than 35 1/2 (The greater market would have to accommodate to see this great of a swing.). Subsequently, the market would retest 38, break through, and rise to 40 by next week. The upper measurement of this move should surpass 40 by options expiry. JMHO. Sam

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