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It is curious to see that AAPL retreated from the opening high. Though as a bear, I'd say AAPL's ER is great and a higher price is warranted. The retreat seems to suggest the market may have temporarily exhausted its energy - fresh inflow of money, or the cash reserve at the funds. There should be a time for rebalancing, shuffling for the bulls to regroup. Anyhow, it is already close to the top of 1131 as some technicians called. |
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