Leftover Dynamics

 For me little jumps out on this Monday morning.  Stocks are retesting the recent highs as the Greek news is better. 

Apple stock has gone parabolic in the past week, a sign that the rally is nearer the end than the start of something.  The explosive chart pattern which started on 3/26/10 at 202 reached its swingpoint at 353 on 8/8/11 and now has culminated at 504 on 2/13/12 a move of 302 dollars a share.  This is a remarkable move and makes me realize why I try to focus on Macro market issues and not individual stocks.  At least my Iphone 4s is hedged.

Weekend articles that caught my attention are:

http://www.nytimes.com/2012/02/12/opinion/sunday/friedman-we-need-a-second-party.html

http://www.nytimes.com/2012/02/12/opinion/sunday/the-certainty-of-doubt.html

Leave a Reply

Your email address will not be published. Required fields are marked *

19 + eighteen =