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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Cogito who wrote (112601)5/9/2011 7:51:49 PM
From: 2MAR$  Respond to of 213182
 
of course am thinking of how that pennant /flag will resolve itself , glad mchjc weighed in today , for he's the index trader et al.
Typically a bull flag has formed here would be indication of higher movement .

One thing we know is there is this sense of traders "drinking it in " right now after running thru explosive earnings season now almost over & the furious correction in the commodities /metals ($99bil swoon) ...but not as much pullback in Oil as they could have liked for Goldman made the call last friday that they saw commodity demand even greater in 2H of 2011 , for Oil .

Really all eyes will be on these job numbers out on thurs to confirm or deny that last friday's numbers were not a convenient fluke after the Osama event & back to the economy improving thesis .

AAPL is admittedly going into its weakest QTR so no $450 targets are going to get hit anytime soon . We;ve had targets for PCLN as high as $700 & AMZN got upped again today ...so maybe the Fed will navigate thru june appeasing traders enough to take the SPX higher again maybe to recspture 1370 ...but a whole lot of good things need to happen before that .

Funny thing is , these price targets are based on a very devalued dollar , hence they are so high. Thursday job numbers big event ...housing numbers today were horrid . Some highn level talks going on now between US & China reps trying to negotiate some new currency policy.
See how that goes too.



To: Cogito who wrote (112601)5/11/2011 11:14:46 AM
From: 2MAR$  Read Replies (1) | Respond to of 213182
 
A $1 trading range for AAPL how many days in a row, very strange, they may just want tech lower ...still waiting for those all important JOB #'s tomorrow with Oil still hovering around $100 . Rally in the dollar took down the metals not sure how far that will go.

Google confernce was a bust not helping pps today , this just in tray for AAPL & not having much effect ..but could have guessed this already ?

Pacific Crest raised its Q2 iPad build estimate to 12M
from 7M and Q3 to 14M from 7M following supplier checks.


Oh here's another thing having an effect today

Market falls following DOE inventory reports
The market opened lower and remained at a level for the first hour. The averages dropped further following the release of the weekly DOE inventory reports, which showed a large than expected build of both oil and gasoline. Investors saw the higher-than-expected build as a sign of economic slowdown, and began to sell equities in response. The Dow is down 75 points, the Nasdaq is down 8 points and the S&P is down 6 points.



To: Cogito who wrote (112601)5/16/2011 11:46:12 AM
From: 2MAR$  Read Replies (3) | Respond to of 213182
 
One pivot being tested @ $337 which corresponds to that feb low and next stop would be $330 where would see more solid support and expect some bounce lot of people are watching this obviously , maybe $325/$320 if no support shown here .

AAPL does reverse quickly , its mostly in control of the fundies