Crude Oil @ 134.5 :o

Now my page which is suppose to show unread post has wiped away the markers. MODS what is happening.

don’t look now but aapl’s almost positive. oh and that index I rarely mention is showing support at 1390. “not as bad as expected”

DOW going to shitter and Apple staging a mighty comeback, the question is where do we hit strong resistance.

That rocket picture would now be appropriate.  GOOG still -1.5% RIMM -1.15%

Just testing boosters.  Ready for launch on Monday. 

The fear of round numbers effect is at work. Almost 190, but….not quite. Red again. It’s going to be one of those days, another in a series.

Thought we had 190 that time.

Are you still logged in?  I’m automatically logged out sometimes for some unknown reason.

the cookies are what keeps you logged in and it holds what you have already viewed as well, probably something messing the cookies up on the sites end.

Are you still logged in?  I’m automatically logged out sometimes for some unknown reason.

Yes I am, TMO has been acting very strange for two days now.   

Now if equities were doing what oil is doing we would call it a climax top.

Technical Obstacles to breaching Gap Resistance Today

I would like to propose my analysis of the potential obstacles to AAPL and the Naz breaching Gap Support today.

[list]- The Naz and AAPL both share gap resistance. The Naz is at 2575, and AAPL at 192-193.
- After yesterday’s session both are overbought on the daily as well as the 60 minute charts.
- AAPL has to overcome the negative divergences on the MACD, which is applying significant pressure from below.
- The Jobs report certainly didn’t help the situation, with unemployment rising to 5.5% from 5.1% in May.[/list:u]

So, if AAPL moves towards gap resistance, I expect it will be difficult to pierce it without a significant surge in volume and sentiment. What I believe will happen is that it will approach this level and fall back to the wedge breakout it sported yesterday, which should provide nice support. This level is at 188-189 or so.

If we rise to the gap and bounce off, this may present a good buying opportunity as approaches the top of the wedge breakout level at approximately 188-189. Might be the best price you’ll get before WWDC.

Ideas, comments?

-ernie

All I know is that we are in great shape for WWDC.  We should have a nice pop on Monday.

This indice selling, oil popping, bonds dropping is way overdone.  I would not panic personally but start your weekend early…  Go Celts!