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Apple Inc Crunch Time
By: readtheticker | Friday, December 14, 2012
Apple Inc bulls must stand up and be strong in the next few days, otherwise
selling volume will sink Apple stock price below $500.
The bulls must turn up in the next few days, or at the very least the bears
stop selling. If not the SMA 400 could be breached. The SMA 400 is at a nice
round number $500. Thus a critical time is upon us. The faithful are buying.
But the stock as gone from $70 to $700 and giving many large multi year capital
gains the will be subject to a very large capital gains tax if they do not
SELL. The retail investor need not rush in. More down to sideways action is
expected on Apple Inc in our view.
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and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides
online stock and index charts with commentary. We are not brokers, bankers,
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investors.
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