The candlestick analysis on AAPL's daily chart is something called a Bullish Stick Sandwich Pattern. Yeah. All right then. All I know is that AAPL continues to hold its ground at 256. Strong support there. Ceiling at 271. The volatility is annoying for longs and luscious for traders. I haven't traded AAPL short term for a few months. That may change soon.
One of the beautiful things about Apple is that its growing arsenal of products has a multiplier effect in gaining headline news across Earth and cyberspace. It goes beyond the cult following and with new stores opening in China and Europe, and we really don't know what is in the future. We may have a brief experience with a unmatched company, or a much more extended ride with the finest, most brilliant growth stock in history.
I'd be even more bullish except that I still haven't owned an iPod, iPad or iPhone.
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