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Friday, September 08, 2006

Apple Computer - Its Show Time!




AAPL broke the ascending triangle (formed in Aug) with high vol. on 5 Sep after confirming special media event on 12 Sep to introduce new products and services. It has powered on, except with a pullback on 6 Sep

It has closed above 62% Fib Retracement yesterday @ 72.8. Next target wld be 78.6 which coincidentally also the 78.6% Fib Retracement!.

Area shaded in chart are prelude to AAPL's previous media events to launch new stuff. Such events are movers....believe this guy still has the leg power to potentially hit 80

posted by Simply Options Trader at 4:47 PM PERMALINK


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