Wednesday, September 06, 2006

Watch List - AKAM, KLAC, LRCX, AAPL

AKAM carved out a bearish evening star pattern on a failed breakout. Next support level just below $38.00. Failures usually result in deep pullbacks, but we'll take it one day at a time.


Technically, KLAC should bounce when it pulls back to its pivot point, however, if it fails it will open the door for more selling.

We've been bearish on LRCX for some time now. A high volume break of this odd looking bearish flag pattern, could set things in motion.


AAPL - Will the $70.00 pivot point hold as support?

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