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Kirk Lindstrom
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Kirk Lindstrom has an engineering degree from the University of California, Berkeley. Following 20 years of research and development as a scientist and engineer at Hewlett Packard, Kirk turned his attention to investments where he edits "Kirk Lindstrom's Investment Letter," that... 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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