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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: Edward Boghosian who wrote (21409)	12/26/1998 7:12:00 AM
From: JH	Read Replies (1) of 213173

<Apple has been in a downtrend since '91 but I can see that, about, 46 is a tremendous resistance area> I don't see $46 to be a resistance level (on an eight-year chart) when using a resolutions of daily, weekly, or monthly candlestick charts. When drawn through triple decending peaks (occuring in '91, '92, and '93) on a MONTHLY candlestick chart, resistance is actually at the $38/$39 area. The implications are that if AAPL manages to hold a MONTHLY closing price above $39, it would have broken through an eight-year downtrend. Needless to say, this would be a very significant development, TA wise.

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