Double bottomed here in 540s, closed gap, set to explode to the upside. I think we are over $600 by end of December and close to $700 by February. Expectations couldn't be any lower for the greatest company in the world trading at a valuation we haven't seen since the depths of '09 crisis. Remember kicking yourself for not buying hand over fist back then? Dont make the same mistake twice - ALL IN at $538!!!
Sentiment: Strong Buy
pull out the 2 year chart on apple.
head and shoulders forming. if you don't know what that is, you better search it.
if apple kept climbing today then it would take out that right shoulder but being down today (unlike last time where it rocketed 30+ points after the bottom) is a very bad sign. that means the right shoulder is still in play. if this is lower next week, then it means right shoulder is continuing to form and very very bad news. If Obama and Congress doesn't say something good next week, it could be what causes it to go lower.
I rode this up to 700 and now I am a bear. So far I have been right.
Sentiment: Strong Sell
That is pathetic,even for an AAPL die-hard. Are you just throwing it out there to convince yourself/ Every technician worth objective :"jack" knows it's in a short-term downtrend. Get a grip on yourself..
How did this rumor ever start. And exactly how did Apple "miss".
Apple missed analysis upwardly revised projections, not Apple own projections- that they have consistently beat. This is the equivalent of judges saying Javier Sotomayor will jump 2.70 metres. When he "only" jumps 2.45 metres, he's disqualified.
Who set this standard up? And why are other companies NOT held to the same standard?