THE DOT - if this turns orange or red be alert

Monday, January 17, 2011

part 2

3. Sometimes the news come quite unexpected which moves the market and as the NDX has reached an ultimate point for a top around the 2320-40 area Steve Jobs takes another medical leave almost exactly 2 years later. Effect in Germany Apple sells down 8% on a US market holiday - 2 years back it market an important low around 75 and stocks kept rising since. Steve has done his homework as they will come up with a brilliant quarter and introduce plenty of new top sellers shortly like IPAD 2 and IPHONE 5 after opening the Verizon marketing channel anyway. Still without Steve the company had to discount down at least 100 Dollar going forward if he never returned even with a great 2011 which is almost warranted. Lets hope he does well but anyway the intermarket divergence is about to start which is another indication for major tops but that will develop over months.

excerpt

German-Listed Apple Shares Now Down 8%

Tyler Durden's picture




AAPL Bid/Ask: EUR 233/249.85
Last EUR 239.5 down -20.7 (-7.96%)

And it was just yesterday that we ridiculed the Goldman brain trust for pushing everyone into the world's biggst hedge fund hotel, Apple, which is held by over 190 hedge funds. Don't look now but Nasdaq futures are about to get reacquainted with gravity.

excerpt 2


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Apple grants Jobs medical leave

By Alan Rappeport in New York

Published: January 17 2011 14:13 | Last updated: January 17 2011 14:13

Steve Jobs, Apple’s chief executive, told employees on Monday that the company has granted him a medical leave of absence but said that he would continue as chief executive and remain involved in major strategic decisions.

“At my request, the board of directors has granted me a medical leave of absence so I can focus on my health,” Mr Jobs said.

Tim Cook, chief operating officer, will be responsible for all of Apple’s day to day operations during Mr Jobs’ absence.

In 2009, Mr Jobs left the company for six months to undergo a liver transplant. He was diagnosed with pancreatic cancer in 2004.

“I love Apple so much and hope to be back as soon as I can,” Mr Jobs said in the statement released on Monday morning in the US, the Martin Luther King public holiday.

“In the meantime, my family and I would deeply appreciate respect for our privacy.”


4. After Goldman admitted they cheated with hiding 5 bil which should be a case for a felony and federal prosecution

the SEC even applauded for their effort to be honest now - that must be a freaking joke after Obama said lets get civilized.

At the same time the bashing of Swiss banks comes to the next round as their seems to be a serious interest in destroying the swiss banking market.

excerpt

Julian Assange Press Conference With Julius Baer Whistleblower Rudolf Elmer Begins

Submitted by Tyler Durden on 01/17/2011 07:27 -0500



The press conference with Julian Assange on Julius Baer whistleblower Rudolph Elmer who plans on releasing information on "over 2,000" high net worth tax evading individuals, which we discussed this weekend, has started. It can be watched below.


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