AAPL blows out low ball estimates. What a surprise. This is setting up a possible blow off top catalyst, but I expect the gap up to be muted, if it gaps up at all. Perhaps an intraday meltup will get enough bulls on board with enough volume to finally set the top of this rally. What has continually been missing is volume on the upmove. Perhaps this will be the catalyst to do so.
Timing tops is difficult, but I can smell the fever and I want to bet on the other side.
Monday, October 19, 2009
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