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A new Market Call is posted
every market day.

Apple Computer Inc, AAPL
Market Call™ for September 4, 1998
Contributed by Mark Seleznov, TrendTrader.com.

The purpose of this Market Call section is to educate readers in technical analysis patterns and indicators. As with all investment information, you need to research information and consult your financial advisor before initiating any strategies that are contained in Market Call.

Also, you must realize that as with all trading strategies, opinions can change quickly depending on market conditions and developments.

APPLE COMPUTER, AAPL, had a nice up trend move from mid June to mid August rising from 26 to 43. This entire move was confirmed by the Moving Average, Momentum, and MACD during the entire period.

On August 28, AAPL momentum, MACD, and moving average flashed sell signals. Although there was a rally attempt on Tuesday and Wednesday, today's action again brought all indicators into sell signals.

The market is very oversold, but it could continue to get more oversold.

However, this is a stock with a pattern that if AAPL could take out 38 to the upside, I would reverse my short and consider going long AAPL.
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Mark A. Seleznov is a General Securities Principal and Managing Partner of Trend Trader, LLC, a NASD, SIPC broker/dealer firm located in Scottsdale, Arizona. A professional trader for over 25 years, Mark was a Market Maker on the Philadelphia Stock Exchange, a Retail Registered Representative, and futures trader. Mark is an author and recognized expert in equity Day Trading. He conducts seminars in Equity Day Trading and offers his firm traders training and support. Mark writes articles for market publications and Internet sites that focus on trading.

Market Calls is a daily syndicated column on trading by Mark A. Seleznov, Managing Partner of Trend Trader, LLC. For information on obtaining Market Calls for your web site, newspapers, or publication, contact Trend Trader, LLC at 602-948-1146

Disclaimer: Trading in securities may not be suitable for all individuals. Consult your broker or other professional to determine your suitability. This is not an offer to buy or sell securities. The advice given above is of a general nature and should not be taken as a recommendation to buy or sell the referenced security.

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