John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: nspolar who wrote (8042)	7/19/2007 12:32:47 PM
From: John Pitera	Read Replies (1) of 33421

yes AAPL kind of reminds me of the way that QCOM traded back in the last half of 1998 and then 1999. I would spend almost all of it's time above the 50 DMA, typically vastly far above it and the 200 DMA, would be a dizzying long way below the rarified air in which QCOM would trade. It was kind of remiss of me to call for a top in AAPL right in front of the Iphone release. AAPL has had such a strong ability to create user friendly tech appliances that define what people find to be easy to use and cool. Of course the valuation is taking all this into account.

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