Ok, I can see that everyone else has gone to bed, but I'm still up. I guess I'm nervous about tomorrow.
The following chart, 1-decade daily with Volume by Price and Volume is interesting:
bigcharts.com
Depending on whether you take the highest two price points, or the next two, Apple is either in the process of breaking out from, or already has broken out from, a long-term down trendline starting in 1991 or early 1992.
Add to this the interesting fact that Apple is through the greatest volume point, with sucessive declines in volume at each higher price point, as well as the best volume in history, one sees a suggestion of Apple ready to move to substantially higher highs over the next 12 months.
This all depends on the fundamentals--Steve Jobs, MacOS popularity, good marketing decisions, trendy hardware, etc. (as well as a continuing bull market). If they come through, investors like Soup with his Jan 2000 30's/40's??, will be sitting on easy street (all time high anyone??).
JIMO,
Sam |
