Homer II

Amazon Gaining Share on iTunes

All you clucks who purchase media content from anywhere are fools. There are electronic sources all around you for music, video, anything else, which can be had by a F R E E download, no questions asked. And, don't try laying a guilt trip upon me for IP theft.. those DRM turds who steal from the authors of the media are your true thieves

Tech Won't Lead Markets Out of Bearish Pattern

What is it with you Apple disciples?! If anyone writes sensible market observation or T/A regarding this company in a less-than positive slant, you all come out of the weeds and BASH the writer! A.S., brewer, ironpants.. sheesh!

This is still a consumer DISCRETIONARY product company, don't forget. People do not NEED expensive iPhones nor iPods, nor powerbooks, nor macbooks. We are in a serious recession here; unemployment is growing. The longer this lasts, the less people will buy expensive toys, when cheaper ones are available (ie: Centro, Sansa, Dell/HP PCs). Anyone can buy TWO of the latter lot and still have change left over compared to purchasing ONE of Apple's counterpart products. get real!

and brewer, you should know what an inverse hammer is.. you have posted here a few times.. When it occurs during an upward trend, it means the market is going to turn or reverse.
It is a BEARISH REVERSAL pattern in candlestick charting language, and the trend the last 6-8 trading days for AAPL is up.. therefore, the appearance of the hammer (or Shooting Star as it is correctly known as in original Japanese charting ) indicates that the trend is quite likely to reverse or turn DOWNWARD. Apple is hanging on to the current levels ($80-$100) by their fingernails, literally. They are in a declining wedge pattern, and today, we saw a Shooting Star put up. BAD NEWS!

If you are long AAPL, you might want to watch the early action Monday, preparing to lighten up when the confirmation signs appear.