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

To: Moominoid who wrote (21281)12/18/1998 10:17:00 AM
From: soup  Respond to of 213176
 
>Apple looks very bearish to me technically. But its real undervalued. I guess that is the new era at work.<

I completely agree. Which is why short-term positions (these days) scare the hell out me.

However, today's action/volume indicates that AAPL Bulls in conjunction with MMs aare trying to keep the ball on the ground and run out the clock on the Put buyers as they push towards $35 or the Max-Pain point of $37.5 (?!?)



To: Moominoid who wrote (21281)12/19/1998 12:17:00 AM
From: Edward Boghosian  Read Replies (1) | Respond to of 213176
 
After todays rise, Apple is at an interesting juncture. It's near, or exactly there, the 52 week moving average. If it should go up to 37-38, it would have broken the down trend line from the previous high of about 41. I would look at it as positively interesting and requires further development. This all means, I'm more bullish then bearish.


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