[quote author=“Tommo_UK”][quote author=“omacvi”]It is always a good start when aapl is up 1% and rimm is down 1% at the open

Maybe some traders confused the AMZN upgrade with AAPL

I actually want RIMM, AMZN, GOOG and AAPL all up.. they’ll drive the NDX100/QQQQs up and help the entire market rally.

you just got your wish.

AAPL is unusually strong. I checked our news section and Tommo’s find about judge throwing out shareholder options backdating lawsuit jumped out on me.
This is BULLISH. Too many institutions and mutual funds have been waiting for final clear on options saga. Such radical action by the judge shows there is little merit to pursue options backdating arguments.
We need final assurance from Justice Department that they are not gonna do anything with SJ, and another earnings confirmation to finally send this stock into parabolic “like RIMM in the last 16 months” rise.

Why not, American Gangster?

[quote author=“willrob”]Since we all expect AAPL to be pinned to 170 for OE, is there any point in watching the price today or tomorrow. There isn’t likely to be the momentum to drive the price to 175, nor the lack of interest from dip buyers to plunge it to 160. So maybe we should go to the movies?

Hey here’s some advice for anyone who wants get away from this bear mauling and indulge in a bit of mischief of their own: download and play some porn on your iPhone while on public transport with the speaker on - during rush hour its guaranteed a laugh a minute

Ahem, sorry.

Swings indeed. I’d say the runup to 169.30 and the current hesitant camping in the middle points to later plunge to 160. It’s just too attractive to try. Be careful now.

[quote author=“Tommo_UK”][quote author=“willrob”]Since we all expect AAPL to be pinned to 170 for OE, is there any point in watching the price today or tomorrow. There isn’t likely to be the momentum to drive the price to 175, nor the lack of interest from dip buyers to plunge it to 160. So maybe we should go to the movies?

Hey here’s some advice for anyone who wants get away from this bear mauling and indulge in a bit of mischief of their own: download and play some porn on your iPhone while on public transport with the speaker on - during rush hour its guaranteed a laugh a minute

Ahem, sorry.

Chika-Chika-Bow-Wow

[quote author=“Lion”]Swings indeed. I’d say the runup to 169.30 and the current hesitant camping in the middle points to later plunge to 160. It’s just too attractive to try. Be careful now.

Drawy an uptrend from yesterday’s low… it crosses the downtrend from yesterday’s high right now (167) with AAPL higher by almost $2 above that. Interesting set-up, but agreed looks more like a bull trap than anything else.

I continue to feel its worth just doing nothing until the close, whatever the stock does now, though a break above 169.50 (the middle bollinger on the hourly chart for now) might offer a tradable scalp.

Sold a few shares at 169, with a little cash I’ll buy in at that dip you see coming. No harm having a little cash.

Will be careful, thanks.

Uptrend from yesterday’s late-afternoon low meets $169 pivot point within the next hour or so.

Weasels trying to crack the uptrend again. Funny stuff to watch. The wedge closes on the 169 pivot point at just around the end of lunch hour, 1pm US ET. Yes, “they” planned it this way .. /drum rolls/

Not sure I understand your subprime comment.  But the rest of it I get.

Confimation of your view is on the weekly chart where RSI-W has just bounced off of its uptrend line.  MACD looks beautiful.  And maybe most interesting is that if we close the week above 163 (not guaranteed mind you) we will have a bullish kangaroo tail.

I also view Monday after OE as a positive.

[quote author=“Tommo_UK”]Weasels trying to crack the uptrend again. Funny stuff to watch. The wedge closes on the 169 pivot point at just around the end of lunch hour, 1pm US ET. Yes, “they” planned it this way .. /drum rolls/

Thar she goes…. pop go the weasles

Seen RIMM? Down over 5% on chatter that Blackberry sales are slowing, iPhone sales accelerating. See the Market Moving News topic.

big question now:  165, 163 or 160…
crooks.

I am betting 160

Nice note on top American CEO’s of course Jobs is #1 by a huge margin.

CNBC now

edit Walt Mossberg to speak about Macs after the break I think.