Registered: Feb 2004
04-25-12 07:58 PM
pre-FOMC run-up, all over charts for 48 hrs. Market has been exhibiting this behavior in past. Check.
The most recent market likes to run-up on Ben's words, whenever they may be. Check.
AAPL is being heralded as the world's most valuable company. And delivered. Check.
AAPL drives this market, and the news spin is they have fueled the global market rally reaction (ehhh). So, co-locate that AAPL chart with the SPX at all times. It's like the old days of follow GE.
All the double tops and double bottoms of whatever pattern time-frame won't hep unless you add the psychology of the charts.
Anyway, kudos to xpurt and if you are really yoohoo alias then even better. Liked reading the old threads back in the day.
Great thread for reflection/perspectives.