AAPL surges higher, closes above $411

AAPL | Monthly Bars | Mid-1990s to present

(Click on image for larger view)

Trees don’t grow to the sky, but the trend is strongly up. It could easily continue for months yet before any sort of significant downmove.

So much for the idea that AAPL would crash on the departure of Steve Jobs from the CEO post. Moral of the story: Don’t predict how the market will react to news. Let the market tell you what it thinks the news means. It’s always right….


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: