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Technology Stocks : Apple Computer (AAPL): Analysis and Forecasting -- Ignore unavailable to you. Want to Upgrade?

To: Sam Scrutchins who wrote (393)	8/10/1998 11:46:00 PM
From: Jon Tara	Read Replies (3) \| Respond to of 692

Sam, if you like using RSI, try a MACD of the RSI. That is, create a MACD chart, but instead of using the price, use the RSI as a basis for the MACD. I do this on both 1-hour and daily bars. The one-hour is pretty over-bought here, but on the daily bars it's about to make a positive cross-over. Based on this, I think there could be some weakness in the morning, but if it is able to rebound and then move ahead, I think there could be several days of positive moves ahead. That, and getting through resistance at 38.