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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (31892)10/18/1998 11:50:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
Gersh,

Personally, I wouldn't touch it here. If AAPL gaps down lower on Monday, it will have just completed a five day island reversal as part of a bigger bear coil which forcasts a measured move to around 28. If it stays where it is and resumes its upward move, I could live with it.

GZ



To: Gersh Avery who wrote (31892)10/18/1998 9:18:00 PM
From: KM  Respond to of 94695
 
Top line growth slowed (fundamental); had a key reversal on earnings day (technical). It was funny to watch the huge dump which occurred five minutes after trading resumed following the earning hoopla.

I posted the key reversal read on the Apple thread that night. Drew a lot of abuse from the faithful. Great confirmation of an inclination to short <ggg>.


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