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Technology Stocks : AAPL? How to trade/invest?
AAPL 271.32+0.6%3:59 PM EDT

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To: Jaime H. Ayalde who wrote (69)4/26/1996 9:08:00 AM
From: xu, b.   of 162
 
<Let's hope AAPL will touch 18>

Don't get me wrong. It's a hope.

I am troubled by two factors:
1) right shoulder of the reverse head-shoulder is declining.
It's making lower high, consistent with the aggressiveness of sellers.
2) there is no upside momentum.

From Point & Figure chart, it's not clear of which direction to go. Chaddlestick pattern is very favourable. We see higher low as well.

As I said, I am expecting this week as the week to determine the direction for AAPL. My guess is it will be in a range trading or a slow decline. To where? well it's a good question. If it ever hits 23, AAPL has to do sth. either bounce back or meltdown.

What is TPO? I am also puzzled by your statement that some managers are not allowed to buy certain stocks. If AAPL is on the list, I would expect a big meltdown. I don't want to take the otherside of the trade. All these transaction of 50000, 40000 shares must mean someone is buying. It's accumulation or distribution, you can tell me perhaps.

Bernie
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