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Tuesday, April 24, 2012

AAPL - Post Earnings Watch

AAPL posted earnings after the bell today.  Both top and bottom lines beat estimates.  Prices rallied nearly 8% after hours.  603.81.   Right in the zone (circled).  If AAPL cannot close in or above the zone tomorrow, I will look to short.  (The cyan gap resistance is at 604.73)  Regardless, I plan to start shorting it starting at 623 area.


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