alexdg

Apple Can't Hold $200; Wii 'Best of 2007'

The markets (DJIA) performance this week as down -0.63% on very light volume, but dare I say the sentiment seemed to be bullish, and only to be offset by negative news (rising oil prices on PKK/Turkish skirmish, Butto assination, and poor housing data for Nov, etc.), but looking at yesterdays DJIA intraday chart you can see a reasonably powerful 170 points recovery from midday onwards. Given the unexpectedly (?) poor housing data, this recovery could suggest a bullish sentiment for the first week of January. If this is the case, AAPL seems poised to be a front runner, after all it's currently at $199.83, and this week alone gained 3.05%.