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To: stock bull who wrote (176867)	4/18/2009 12:57:47 PM
From: Henry J Costanzo	Respond to of 209892

Hi, SB...I'll be taking another look at AAPL and posting something over the weekend.. If by "over extended" you mean due for a hard fall here, I would say the markets are not over extended...

To: stock bull who wrote (176867)	4/18/2009 4:19:58 PM
From: Henry J Costanzo	Respond to of 209892

AAPL...Here's a weekly chart showing what appear to be 2 major resistance areas: 1. Stock is now penetrating ...surprisingly easily...major R around 115...arising from the mid-2007 and early-2008 support areas, as well as from the falling 40wk/200dMA... 2. Next major R would appear to be around 150,,,from the late-2007 and mid-2008 support areas, as well as from the DT line from the mid-2008 price highs...Note that this R level is well above my current projected measured moves of 130 and 136...which remain in place for the time being.. Will post at some point a daily chart...and any less substantial R areas that may show..

To: stock bull who wrote (176867)	4/18/2009 5:13:09 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

AAPL...Daily chart... In addition to the major R areas shown on the weekly chart, the only other overhead R area...and a less substantial one.. would appear to be the 125-135 area. Stock now at the edge of that area, so some deceleration and/or pullback may be likely here...possibly back to the 200dMA..now about 116..and perhaps undercutting the UT line from Mar, which is exceptionally steep.. My "measured move" 130/136 targets.. from the iH&S and the pennants... fall roughly within the projected next overhead R area..