Couple points of interest with regards to AAPL:
50 day MA = resistance
Magic orange line = resistance
Selling pressure in the 105-120 range = resistance
17% bounce off of intermediate term support = ready for pullback
The news about WalMart selling the iPhone is old news and this will not happen before Christmas anyway. I would be more inclined to short AAPL, ignore the news, and place a stop above the magic orange line in case this half-assed bear market rally makes another run for it.
Tuesday, December 9, 2008
Apple
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