Could there be a better time for a world-wide roll-out, with the weak dollar? Apple is one of the few companies that can really leverage what could otherwise be a major problem for more US-based companies.

Even if the overall economy blights next week’s announcements in the medium term Apple’s strategy will work well. Who knows if the market will reflect this in Apple’s share price…

Re: Technical Obstacles to breaching Gap Resistance Today

[quote author=“zachbass”] ... Ideas, comments?

-ernie

What you say is consistent with what I see from EW waves.  I think I get what you mean by “effect of bearish divergence”.

I am convinced the EVILDOERS have taken over this site!

That or the server took a flight with the former CEO of Broadcom.

http://www.9to5mac.com/broadcom_godfather-busted

Re: Technical Obstacles to breaching Gap Resistance Today

[quote author=“Mace”][quote author=“zachbass”] ... Ideas, comments?

-ernie

That’s interesting. I’m fascinated with Elliot Wave Theory and Golden ratios, as they’re found everywhere in nature, and can be effective in analyzing mob or herd behavior.

I like to fool with it on occasion as a confirming indicator, or to look at macro views. The problem is in the interpretation. Particularly at what scale you try to peg where an impulse wave and correction start and end.

I guess as long as you can get the golden ratios to fit, you have the spot. The problem is that your biases may and probably do influence the conclusions you draw.

-ernie

It doesn’t look to pretty out there.  OIl and Euro up, Bad employment numbers, Naz down 2.25%.  Though AAPL is not showing much momo it is only down 1.2%.

By the end of the day though we should see some lift as the price to get in the door on Monday might be pretty high. 

At any rate, the set up for WWDC looks good, no big run up, low expectation.

edit: got “debug” mode when posting.  I ignored it and went back to the forum and the post was there.  somethings up with the site…..

Did anyone hear the world is coming to an end…  Run for the hills…  Inflation is so high you need to stock pile food, buy GOLD and live in your basement.  The funny thing about gold.  People say to buy it because one day inflation will be so high you’ll be buying stuff with gold and not money.  If times are that bad, if anyone knows you have a basement of gold, I’m sorry but you are getting your ass kicked and they are taking the gold.  What’s the hedge against that?  Shooting them I suppose…  Today is overdone - overdone - overdone… 

The world is not coming to an end by the way…  Good times ARE ahead.

Remember per Munster’s analysis - we are supposed to be down today 1% (I think that was the amount) based on historical price action prior to events like WWDC…  I agree with Tommo - great excuse to “facilitate a sector / trade rotation”

Even Mtdoc got out of bed at 5:30AM to jump on the D&G Bandwagon (sorry Doc - had to throw that one at you)...

This panic shall pass - its more BS knee-jerk sillyness and I am tempted to buy here ($186).
Economic fundamentals are just fine - not great, but fine - but by taking a narrow view of the numbers you can paint a bleak picture, which is what the bears have done today.

I think we go up from here - market-wide, that is. This sell-off is pure nincompoopery

[quote author=“runedge”]Did anyone hear the world is coming to an end…  Run for the hills…  Inflation is so high you need to stock pile food, buy GOLD and live in your basement.  The funny thing about gold.  People say to buy it because one day inflation will be so high you’ll be buying stuff with gold and not money.  If times are that bad, if anyone knows you have a basement of gold, I’m sorry but you are getting your ass kicked and they are taking the gold.  What’s the hedge against that?  Shooting them I suppose…  Today is overdone - overdone - overdone… 

The world is not coming to an end by the way…  Good times ARE ahead.

[quote author=“Tommo_UK”]This panic shall pass - its more BS knee-jerk sillyness and I am tempted to buy here ($186).
I think we go up from here - market-wide, that is. This sell-off is pure nincompoopery

Right you are!  Hope you bought!? 187.4 now.

First Broadcom and now Intel. [url=http://www.nytimes.com/2008/06/07/technology/07chip.html?hp] Anti trust Investigation.
[/url]

Employment Data

I read somewhere that the employment data this morning is misleading, as it took into account all the kids returning from school or graduating from HS. Catching them in transition.

I wonder if the studies they use ask their intent to find work, and whether there was available work waiting for them? Or maybe they’re just content living at home for now, living off their parent’s vast resources.

Perhaps as this sinks in with investors, the numbers won’t be looked at so harshly?

-ernie

I bet mtdoc is getting ready to play his role as Dr Kevokian as investors - sorry his patients, I mean - line up to painlessly shed themselves of the burden life has placed upon them: owning stocks in the middle of a recession.

Wait, you mean there isn’t a recession? Doc, you told me the world was about to end and your nurse just told me you’re the only person she knows who believes in death before life! Quick Doc, reverse the process - I don’t want to die AAPL-less! Gimme back my life, and my stock back, quick before its too late! Ayyyyyyy!

(sorry, couldn’t resist - feel free to stick pins in me - just no needles - I hate needles)

Employment Data

I read somewhere that the employment data this morning is misleading, as it took into account all the kids returning from school or graduating from HS. Catching them in transition.

I wonder if the studies they use ask their intent to find work, and whether there was available work waiting for them? Or maybe they’re just content living at home for now, living off their parent’s vast resources.

Perhaps as this sinks in with investors, the numbers won’t be looked at so harshly?

-ernie

Re: Employment Data

[quote author=“zachbass”]I read somewhere that the employment data this morning is misleading, as it took into account all the kids returning from school or graduating from HS. Catching them in transition.

I wonder if the studies they use ask their intent to find work, and whether there was available work waiting for them? Or maybe they’re just content living at home for now, living off their parent’s vast resources.

Perhaps as this sinks in with investors, the numbers won’t be looked at so harshly?

-ernie

Someone on CNBC just pointed out that with the minimum wage now in place, many low-paid jobs usually earmarked for teenagers just aren’t there any more, and that’s had a dramatic impact on teenage employment. Makes sense to me if its true - but I don’t know enough about when/how this law was passed to know if its relevant or not. Anyone else?