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InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
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  • Looking Better...Finally: Apple Inc. Struggles To Find Bottom 0 comments
    Dec 10, 2012 12:42 PM

    Apple Inc. (NASDAQ:AAPL) is trading at $531.43, -1.82 (-0.34%). The stock flushed at the open down to $521.58. This came after weekend worry spilled over into CNBC's bearish chatter pre-market. These early morning flushes are usually solid buying opportunities for day traders who wait for the little investor to sell in fear. The media hype is the culprit here.

    Interestingly enough, the flush on Apple Inc. down to $521.58 hit a key trend line support level. Note the chart below. Since that point, the stock bounced back to the positive side before slowly pulling back. As of now it looks like Apple may making a bullish pattern, ready to head higher.

    Should Apple not make new lows today, upside should be seen in the coming days back to the $550.00, then $575.00. Technically speaking, this chart is acting better than it did last week. As the end of the year comes, tax selling may start to stall out. A late December, January surge back over $600.00 is likely.

    Gareth Soloway
    InTheMoneyStocks.com

    (click to enlarge)

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  • Gareth had members buy $ICLD yesterday at $2.65. Today he sold at $3.35. 26% profit in a day. The chart told everything, learn to read them!
    about 6 hours ago
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