Nasdaq chart and Apple

Discussion in 'Trading' started by NY_HOOD, Sep 26, 2011.

  1. Apple has some rather interesting news today. one of their major suppliers reported that Apple substantially reduced orders.
    i believe this will weigh on the nasdaq today, or at least it should. keep an eye on 2400 closing basis and then 2340 on a closing basis.
    i doubt 2340 can be breached today but its certainly an area of importance.
    thus far Apple has held up extraordinarily well so todays news may be exaggerated to the down. however, we never really know what the market will do so we play it as it comes.