A possible good entry for a short.
RIMM opens at resistance and head down. A letter ‘h’ may be forming.
My long term view on RIMM remains bearish.
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$AAPL . Impact of iPhone (vs $MSFT)
Oct 7, ’11 5:31 PM
When the iPhone was launched, Microsoft’s CEO Steve Ballmer laugh at the price tag, ‘missing entreprise features’, and how it will not gain significant market share.
Here’s the YouTube video to show:
Fast forward to 2011 (and we are already in Q4 2011), let’s just take a look at how MSFT performed over the last few years (from 2007)
$AAPL : Watch the doji
Sep 21, ’11 9:29 AM
AAPL scored a new high yesterday going as far as $422. However, the finishing is weak and it closes down at $413.
Overall the general market sentiment is still bearish with the SPX failing to breach 1227 yesterday and closing down as well.
If AAPL is a leader and indicator for the general market, then yesterday’s price action ending with a doji is worth taking note of.
This is a possible reversal. Stay nimble.
