Apple

Not to digress into too much of a short term thought process but many have been saying that ipod shipments have softened and that Apple may be facing some tougher times. There is no doubt that this cutting edge technology company will face tougher times - that goes with the territory - and there are some concerns with the delayed new op system and the new phone that is discounted to perfection. But earnings are due Wednesday this week and it's hard not to notice that the stock is a big winner today. Just a thought that stocks that are about to break down don't usually hold support (89, last week) and then rally strongly on increasing volume. Some portfolios in our disciplines hold this stock so I must recognize that I'm probably not objective enough in this case. But it feels like this one wants to go higher. Much higher. We'll know very soon.

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