AAPL Monthly Chart
How far is AMD going to go? Looking at the monthly chart, it appears to be making a run for its all time high. If we go back to Oct. - Nov. 2004, AAPL's chart looked fairly similar to how AMD's chart looks now. Just a thought. But wait a minute, wasn't Apple always considered Dell's less worthy rival up until the Ipod. And hasn't AMD always been considered an under achiever in comparison to Intel. Hmm, AMD versus INTC and Steve Jobs versus Michael Dell.
Speaking of AAPL, look at that gravestone doji that's taking shape for January. I know the month isn't over yet, but it's not looking good. Also, AAPL violated its 50 SMA on the daily chart today. So clearly we are in need of a replacement for AAPL in 2006 and AMD is starting to look like a good candidate.
This post is just an observation and does not constitute a buy/sell recommendation.
No comments:
Post a Comment