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


To: Linda Kaplan who wrote (21946)1/6/1999 12:45:00 PM
From: Andrew Danielson  Read Replies (1) | Respond to of 213173
 
Deja vu all over again?

Even though AAPL has a helluva lot more right to be up in the forties now than we were in August, today is looking a little too much like August's top to be comfortable.

Start out by establishing a one-last-gasp new high, followed by sustained selling that takes us to a low that was lower than yesterday's low. A higher high, a lower low.

Now, technically we sit at 41 1/2 as both today's and yesterday's low, so that we don't have that part fulfilled. But if we drop much further, I'd start getting concerned. Especially with the obscene volume on which we're making this downward move--at least as high as the volume that took us to new highs yesterday!

Andrew