In Jobs we trust.
AAPL the one company who wrote the book on sandbagging, crushing earnings and then guiding down again, knocked the proverbial hide off of the ball, by any stretch of the imagination, best non Holiday 3rd quarter in memory, and offered positive guidance! 2.6M Macs beat street estimate, 5.2M iPhone vs 4.8M street estimate, 10.2M ipods vs 10.5M street 2 out of 3 and we we will take it!
And this is where it gets interesting again, do we get the push to 1050 on the ES? The Investing Gods have smile dupon us here At AEIG LLC, http://bit.ly/c8KZd having followed this to a tee it feels good!
I am thinking things are setting up for the mirror image of the bear massacre of last weak on the failed breakdown of the head and shoulder pattern, and flings us back into the May June range. With the major indexes up almost 9 days n a row, some retracement is due immanently The animal spirits are too prevalent on both sides for this tape to be settled in either direction. Lots of frustrated exaustion is needed first. Trade the tape you get not the one you want!
Good Trading
EX
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