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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Slugger who wrote (17414)	8/30/1998 11:39:00 PM
From: Slugger	Respond to of 213173

biz.yahoo.com Wall St. Week Ahead/Is the bull market over? "The bears have more company than at any point in the past three years. Recent sentiment surveys are extremely bleak, with just 22 percent of respondents expressing a bullish outlook in the last weekly survey by the American Association of Individual Investors. Bears claimed a 32 percent share of the investor market." Here's my two cents: Sentiment is very bearish which indicates we are near a bottom, but we still could fall a bit further. I see two scenarios for the remainder of the year: 1) the market completes this drop and goes sideways or 2) the market completes this drop, bounces and then continues lower with year end tax sell off. As for AAPL, the tank the past week is due to momentum players leaving the stock because of market fears. Trend lines are in place and might be tested tomorrow, but with Seybold this week I would expect the trend lines to hold. Steve Jobs will probably announce iMac sales during his keynote and maybe something else to prop up the stock.