Today's rally was a technical bounce from a deeply oversold level. The FED policy statement failed to inspire much of anything because it was too vague. After hours the Emini Nasdaq futures fell sharply in response to RIMM earnings/guidance. RIMM missed on the bottom line by 1 penny and issued mixed guidance - higher revenue and lower EPS due to investment in product development. I doubt this will precipitate analyst downgrades, but if that does happen, it will only add fuel to the fire.I'm posting the RIMM AH chart. I'll be looking to see if it tests the blue lines in pre-market. Support for RIMM is in the $127.50 -$128.00 range. NKE also trading lower after hours, but it has broken it's trading range. ORCL also down on earnings.
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