Thursday, September 07, 2006

Watch List - RIMM, AAPL, NEW

RIMM looks like it is forming a H&S top on the 60 minute timeframe. If RIMM makes a higher low in th early going tomorrow, look for a potential long setup with a target of $81.00 to strengthen the right shoulder.

I'd like to buy AAPL when it comes back into its trendline on this 60 minute timeframe. Ideally, it will tag both the trendline and one of the horizontal support lines simultaneously.

NEW looks poised for a bounce at this support level. Target $40.00.

Click on charts to enlarge.

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