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Kirk Lindstrom
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Starting as a summer intern in 1978, Kirk worked for 20 as a scientist and engineer at Hewlett Packard's research and development department (R&D) designing solid state devices and components for optical communication. While he was at HP, Kirk invested ten to twenty percent per year of his... More
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  • Apple Still Above Key Support Levels - Bottom Callers Beware 0 comments
    Feb 5, 2013 3:36 PM | about stocks: AAPL

    See my chart at: "AAPL: Apple Price Gap Still Open: Resistance And Support Graphs"

    Key features:

    1. The thin, dashed-green horizontal line shows an open gap for AAPL at $425.00. One form of TA (technical analysis) says the downtrend won't reverse until this gap is completely filled and it can go lower before it turns.
      Of course, TA is only "odds" and not a guarantee.
    2. The thick, dashed-green line shows a four-year support line that was broken and is now resistance.
    3. Two Fibonacci levels remain support at roughly $390 and $316.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AAPL
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