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Technology Stocks : Apple Inc.

AAPL 273.40

-0.1%

Dec 26 9:30 AM EST

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To: Linda Kaplan who wrote (16596)	8/13/1998 11:44:00 AM
From: Alomex	Read Replies (1) of 213177

Apple has tried to break through Tuesday's high yesterday and today, and so far has failed. If it does break through, we'll be making more new highs. Considering past Apple trading patterns I think the most likely scenario is 1) strong resistance above $40 2) short term consolidation and support building around $35-$37 3) break above $40 resistance pattern around earnings release time 4) If revenues and units shipped are down, even slightly, the stock will get creamed, otherwise it will continue its upward march. Dell-like ratios are reserved (surprise surprise) for companies posting strong earnings and growing revenues (I wonder why? :-).

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