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Monday, September 20, 2010

AAPL

AAPL is a leasding stock which appears to be not leading anymore, as the price relative line did not hit a new high, and volume was not especially high. It is, however, one of those stocks which did not decline much with the overall market, and while accumulation may not be taking place much (although the dropping ATR line says there might be some), there clearly isn't much selling going on either. The potentially bearish pattern it was forming is now dead, nut i am not yet convinced this isn't far away from topping out.

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