Sunday, August 03, 2008

AAPL Update for 08.02.2008

APPLE INC. - AAPL

Monthly chart shows continued weakness, with no buy signal/pattern on this timeframe.

Weekly chart shows continued weakness with buy signal/pattern on this timeframe.

Daily chart shows price to be below all key moving averages on this timeframe. No buy signal/pattern evident on this timeframe. Look for continued weakness and possible support off the .786 fib level (target 2).

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