Monday, October 18, 2010

Apples & Bananas


AAPL went bullish on the 9/20/10 WEEKLY Chart. Although a RSQR saucer was formed on the 10/8 Daily Chart, it did not meet a Buy Signal because the KH was still red and the TSI had not risen for three periods. AAPL stock was not purchased because of its weakness:
1. TNA, AGQ & DRN had historically beat AAPL hands down: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHJOT5XtIlACfEfFNvKdeVWjcv7Ri1jyGiREDeO5OISLh4bNBNVEYRAMH70nWk1A1SFN9zZtziSmDZL5_8FoET8fJ2tY_Zc6ef44TkaCQpnNZgookVcQxtO_8ZbgXHd3C2HrFw30aw23k/s1600/STOCK+GAINS+WHAT'S+UP.png
2. Had alot of Macs, but had to go with the Panasonic Toughbook after numerous MACs herniated their electrical intestines after daily abuse.
3. AAPL has been too popular with the public (and thus too reminiscent of the high fliers of the 2000 Tech Crash: e.g. PMC Sierra...now trading at 7.15...down from a high of 246.25)

The Weekly AAPL chart was still bullish at EOD. Will see tomorrow. All else remains the same for now.

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