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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting
AAPL 273.25-0.2%Dec 26 3:59 PM EST

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To: Sam Scrutchins who wrote (393)8/10/1998 11:46:00 PM
From: Jon Tara  Read Replies (3) of 692
 
Sam, if you like using RSI, try a MACD of the RSI. That is, create a MACD chart, but instead of using the price, use the RSI as a basis for the MACD.

I do this on both 1-hour and daily bars. The one-hour is pretty over-bought here, but on the daily bars it's about to make a positive cross-over.

Based on this, I think there could be some weakness in the morning, but if it is able to rebound and then move ahead, I think there could be several days of positive moves ahead.

That, and getting through resistance at 38.
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