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I can, but first we have to deal with the next level of support, which is 74-ish. What really makes me a believer is how easily we broke through 85 today. You know, 85 represents both long-term support, and an important psychological level. That’s because Apple hasn’t
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7 months ago
mr natural says "use the right tool for the job!"
apple has the right tools for the job! and steve Jobs was wise piling up piles of cash for the lean times . apple is in a great position and if i was putting my money anywhere it is still with apple with a longer time frame in mind. i just don't see companies out there that are better alternatives. Mr bush has sold us out as a country and there is no business plan that will work in the conditions that we face. historically since the civil war the surplus of goods has created a deflationary spiral after a war . the cold war gave us a reason to stockpile military hardware that we would never use and thus created a 20 year war with no credit card holders actually killed . I think the last 8 years of "conflict" was trumped up to keep the present situation at bay a bit longer. I'm betting on plowshares over swords for the next 8 and sticking with peacenik apple. How bout an electric I-Car?
7 months ago
Market needs to drop to 7200 and hold for a rally. I don't think we'll see the low levels described above unless we get some real bomb-shell news like Commercial Real Estate crashing down fast with Insurance Companies or a financial company or two go under. It would take more panic.