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To: Davy Crockett who wrote (47850)	5/1/2012 10:39:05 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 49819

Profitable Ideas Each Market Day LAST UPDATE:05/01/12 04:43 PM ET Small caps provided another chunk of downside on Tuesday, with the Russell-2000 getting crushed in the afternoon and closing in the red. Unfortunately, this reversal flashes a major warning signal because it's taken place at the same price level as the February high. If you look at the daily chart, you'll see this raises the odds for a head and shoulders topping pattern, with support near 790.

To: Davy Crockett who wrote (47850)	5/3/2012 8:19:22 PM
From: Johnny Canuck	Respond to of 49819

AAPL is really banging hard against this strong support level based on volume by price. The more times it test this level the higher the probability it will break to the downside. The jury is still out technically for me due to the low volume, though fundamentally I support your conclusion for a downside move due to the lack of new products till the fall. A lot of the good news is already out there and the market essentially sold the news.