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ABC Corrections: AAPL and GOOG
at 2006-03-22 12:07:00

It was only a couple of weeks ago that I posted a question to myself about a tweezer top seen on the weekly chart of AAPL.
Since then, it’s been down.

On the daily charts, we can see two really good examples of the largest retracement pattern around: The ABC Correction. This is an insane pullback, but oddly, people do step up to buy on occasion.

It will be interesting to see if the bounce - if it comes it should start now - hits resistance overhead or not.


For GOOG, resistance is at a very obvious $400ish…


…while it’s at around $71ish for AAPL.



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