The daily AAPL chart on the left has finished the upleg and will have to go down to 85 or rather 80 within 3 weeks. From there, you might see a steeper rally as we will get overall a bigger rally but from a bit lower levels. Also Apple a great company, as Amazon is b content not cheap. If it manages to reach the 5.80 per stock in 2009, I rather do not think it can trade above 100 in 2009. Basically, any rally towards 140 should be sold going forward but that should be a basic attitude. The rally we very likely will get after the wave 5 sell off is the last exit to get rid of stocks for the next years. This bailout will come at a high price overtime, as one can easily see at the Japanese example.
Tuesday, October 14, 2008
AAPL technical outlook - great new upgrades today
The daily AAPL chart on the left has finished the upleg and will have to go down to 85 or rather 80 within 3 weeks. From there, you might see a steeper rally as we will get overall a bigger rally but from a bit lower levels. Also Apple a great company, as Amazon is b content not cheap. If it manages to reach the 5.80 per stock in 2009, I rather do not think it can trade above 100 in 2009. Basically, any rally towards 140 should be sold going forward but that should be a basic attitude. The rally we very likely will get after the wave 5 sell off is the last exit to get rid of stocks for the next years. This bailout will come at a high price overtime, as one can easily see at the Japanese example.
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