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Technology Stocks : Apple Inc.

AAPL 273.25

-0.2%

Dec 26 3:59 PM EST

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To: Sam Scrutchins who wrote (16553)	8/13/1998 8:01:00 PM
From: Marc Newman	Read Replies (2) of 213177

My last post for the day, I promise. Sam, a while back people were saying that AAPL had resistance at 32 and then no real resistance until 42. Sure enough, even with all the good news in May we stalled out before reaching 32. And then had a month of totally spinning the wheels. But then as expectations built for MacWorld NY and quarterly results, $32 was no problem. Made the move to $38 before retracing and getting held up by the overall nasty market. I wonder if the same is happening now, where $42 will hold this time but be easily broken later? Or, as you speculate, is it holding now only to be broken next week? What's your latest TA read after today's action? I'm still looking for at least a test of $42. Marc

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