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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Monday, May 19, 2008

Where are the old leaders going? AAPL & GOOG

Will AAPL rollover insde the box continuing the H&S patterm or continue higher? Either way AAPL's due for a sucstantial short-term move. Roll-over equtes to the red box and Bull run flag (indicated by the pink oval) move would project AAPL to the green box and all time new highs.
GOOG is still lumbering around consolodating and could very well fill the gap up$450-$600 or make the Bull flag jump back into the $700 range.
I believe these companies will tell the tale of the overall market in the coming days and weeks. Irregardless of direction a disceranble trend will emerge and markets will follow.
What will be the catalyst?
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