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Re: morpheustrading post# 102076

Tuesday, 10/29/2013 2:38:19 PM

Tuesday, October 29, 2013 2:38:19 PM

Post# of 147304
RE: Bearish Engulfing Candlestick Forming On Daily Chart

I have to disagree with the chartists on this one... Take a look at the chart you posted, specifically October 8, 2013. APPL had more than a 10% run and positive in 10 of the next 12 trading days following that October 8th "bearish engulfing candlestick."

Fundamentally, Apple is a solid value company. All we are seeing now are shares changing hands from the growth investors to those that see value in a very inexpensive stock. IMO.
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