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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: jrock who wrote (6434)	4/7/2005 2:25:12 PM
From: dfs405	Read Replies (1) \| Respond to of 7682

Re: AAPL- its putting in a nice triangle and nearing the end or appex area- something should happen soon- volume has been decreasing throughout the formation as it should be and it is now approaching the upper dt line-- I try no to anticipate what will happen at resistance and tend to let it play its hand first- also because its where it is- don't rule out a fakeout breakout if it comes- I'd take the breakout trade but set close stops behind it-Two factors to be considered are that it is above its all time high, 200dma and 50 dma- also it is flagging on a weekly and monthly chart- which all tend to point up from here-I don't know when earnings are announced either :-)