Tuesday, September 25, 2007

Cong to all AAPL farmers







The last two have been holidays for AAPL farmers -- the long await breakout finally happend right after the OE week, just as we had thought it would. The breakout left a break-away gap on both the daily and the weekly chart, a strog sign that the buying pressure was so prevailing. With the market sentiment being dominantly bullish, it is likely this monstrous leader will snap a 20% gain in the first two weeks of its rally, and if that happens, a $200 stock should it be by year end or early 2008. Here is a chart I posted right before the break out. The second one, also marked up last Friday, is a daily chart with all the OE dates marked with a vertical green line. As you can see, a 2-month run can be expected after a solid 2-month consolidation in July and August.

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