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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Brad Bolen who wrote (12730)1/6/1998 12:38:00 PM
From: John Hunt  Read Replies (2) | Respond to of 18056
 
Brad,

Sorry for the delay in getting back to you. We just got our power back on after 15 hours, due to the freezing rain. We have electric heat and I now appreciate better the term 'freezing in the dark'.

I put AAPL through my TA system. It gave a sell on the close (16.25) on Jan 2nd. The system also cranked out a stop loss level of -11% and a take profit level of +19%. However, I run the stocks on a daily basis, so it it also very possible to get an earlier reversal between these levels.

It is also below the 150 day exponential moving average and has pulled back towards it, which I like to see.

Also not an Apple fan.

In summary, I think Apple puts would be a good bet, but who knows for sure.

Hope this helps.

:-))

John