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….

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