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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (9719)7/23/2008 12:15:09 AM
From: nspolar  Respond to of 33421
 
Since it is cold and I have a cold I have been searching for bubbles. Not tiny bubbles, but real bubbles.

I have followed Apple a bit, and have felt oh so envious of those who own a wad. I don't, by in large because it took off during the period of my ultimate brain washing by the gold bugs. Shit like that just was not supposed to happen to an independent thinker like me. But it did.

So what is a gold bug to do? Buy Apple or more gold? Or both?

Here is my take on Apple. After all these years I think it finally did a first impulse. It was a very nice one.

One impulse is followed by another. Then another. First law of impulses.

I think Apple is going way up there. Apple now not only pleases a faithful local following, but a huge global audience and consumer. I tend to suspect they have more products lining up for release, that will be huge success stories. Some companies just seem to have the touch.

The corrective moves off the top indicate Apple is not in a downtrend, but some sort of flat type '2' correction.

And Apple will not go counter the tech indices. All imo.



img522.imageshack.us

Look to some of the leaders here. Apple is currently a tech leader. GS of course is a financial leader. WMT might be a Dow leader.

TF

In edit: My next home laptop might be an Apple. Tired of all the continual snags with MS and Inet Explorer.