Sunday, February 14, 2010

Apple Inc. Trading pattern





Apple Inc. (AAPL) chart analysis ;
1) Support level is quite clear
2) Volume pattern ? Not really what I was expecting ....
3) Reality (1) ; The Nasdaq 100 is doing better than most markets out there.
4) Reality (2) ; Certain tech big caps are on my watch list (ie : Cisco, IBM, Google, Intel, AMD, etc ....) , so when the markets turns up, we know what to buy :)
5) Way too many bad news out there ; stay on the sideline.

PS ; Again, am expecting a pull back (in global equities) followed by a HUGE bull market.
Time to be a stock picker !
Be patient, and get ready to load up on big cap techs :)

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