Sunday, October 17, 2010

Possible Targets for Apple


I took a look at the long and short-term chart of AAPL, since, due to its weighting, it almost single-handedly is running the NDX up. I found multiple projections pointing to 328.50 to 331 range. There was one projection in log scale that pointed to 315, essentially the high of 10/15/10. So if AAPL hasn't peaked yet and needs to climax after earnings come out AH 10/18/10, it should run into resistance near 330. If it moves above 335, the next projection I see is a possible run to 360.

Kim Rice 10/17/10

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