AAPL: The Gap Low Is Still Key
August 5, 2008 10:09 PM
I mentioned within probably 30 minutes of the gap down on AAPL that the “gap was bought and traders were likely to be long above that low”. Nothing has changed my view on this and have mentioned as much at least once more. Will have to be careful long on “new highs” however. If the market retreats without making new highs, then that is the number $146.53.
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